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  • MIL-OSI USA: Malliotakis Leads Bipartisan Legislation to Strengthen U.S. Medical & Pharmaceutical Supply Chains

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, D.C.) – Congresswoman Nicole Malliotakis introduced the Medical Supply Chain Resiliency Act alongside Rep. Brad Schneider (D-IL) and Senators  Chris Coons (D-DE), Thom Tillis (R-NC), John Cornyn (R-TX), and Michael Bennet (D-CO). This bicameral and bipartisan legislation would authorize the United States to negotiate Trusted Trade Partner Agreements, aimed at reducing barriers that discourage manufacturing in the U.S. and partner countries. These agreements would also promote regulatory cooperation and other key trade provisions.

     

    To qualify as a Trusted Trade Partner, countries must demonstrate a commitment to global health security, uphold trade agreement compliance, protect U.S. intellectual property, and take steps to reduce trade barriers while promoting sound regulatory practices. Some potential candidates include Singapore, Indonesia, Ireland, Poland, and Switzerland.

     

    The legislation aims to strengthen global medical supply chains, enhancing U.S. national security and public health while ensuring preparedness for future pandemics. It empowers the U.S. Trade Representative to negotiate Trusted Trade Partner Agreements, reducing barriers like tariffs and quotas that discourage manufacturing in the U.S. and allied nations. Additionally, it promotes regulatory cooperation and expands access to government procurement opportunities.

     

    “If COVID taught us anything it is that it’s crucial that we reduce our reliance on foreign nations, especially adversaries like Communist China, for essential lifesaving supplies such as pharmaceuticals and medical devices. Strengthening domestic production will enhance national security, ensure a stable supply of critical medications and medical equipment, and protect Americans from future disruptions,” said Rep. Nicole Malliotakis.

    “The Medical Supply Chain Resiliency Act is a critical step toward ensuring that America’s healthcare providers have reliable access to the essential supplies they need, by strengthening trade partnerships with our allies and expanding domestic manufacturing, we can enhance our nation’s preparedness for future health challenges. I’m proud to support this bipartisan effort to reinforce our medical supply chains and protect public health,” said Senator Thom Tillis.

    “During the pandemic, the U.S. faced severe shortages of medical supplies due to overreliance on foreign adversaries like China, this legislation would allow the U.S. to engage in trade negotiations with trusted allies for medical goods and services, helping ensure we’re better prepared to respond to future global health crises,” said Senator John Cornyn.

    “Life-threatening shortages of testing kits, drugs, and masks during the COVID-19 pandemic showed us just how fragile our medical supply chains are. If we are caught off-guard like we were during COVID once again, more Americans will die, working with our most trusted trading partners to make our supply chains more resilient will strengthen our response to future public health emergencies while ensuring health care providers have access to essential medical products and patients have access to life-saving care,” said Senator Chris Coons.

     

    “The Chamber strongly supports the Medical Supply Chain Resilience Act, which will strengthen supply chains for medical goods and services while bolstering manufacturing in the U.S. and among our close allies and partners. Enhancing the resilience of medical supply chains is important to both our public health and our national security,” said the U.S. Chamber of Commerce Senior Vice President for International Policy John Murphy.

     

    “The Medical Supply Chain Resiliency Act is the type of positive approach to trade America must embrace to deepen its economic partnerships with key allies. By empowering the United States Trade Representative to negotiate new agreements with trusted trade partners, the United States has the opportunity to strengthen supply chain security, support U.S. innovation and jobs, and, ultimately, improve health outcomes. It is critically important that the United States collaborate with its allies to support the public health demands of our populations and prepare to meet the challenges of the next global health emergency. NFTC applauds Senators Tillis, Coons, Cornyn, and Bennet for championing this legislation, and urges Congress to support its swift passage,” said National Foreign Trade Council (NFTC).

     

    Earlier this year, Malliotakis reintroduced the Supply Chain Security and Growth Act of 2025, bipartisan legislation that would leverage Investment Tax Credits (ITCs) to facilitate a rapid movement of critical U.S. supply chains to Puerto Rico from less desirable and unreliable locations such as China with Reps. Jimmy Panetta (CA-19), Vern Buchanan (FL-16), Nydia Velazquez (NY-07), Mike Kelly (PA-16), Mike Lawler (NY-17) and Resident Commissioner Pablo Hernandez (PR-AL).

    MIL OSI USA News –

  • MIL-OSI USA: Malliotakis Leads Bipartisan Legislation to Strengthen U.S. Medical & Pharmaceutical Supply Chains

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, D.C.) – Congresswoman Nicole Malliotakis introduced the Medical Supply Chain Resiliency Act alongside Rep. Brad Schneider (D-IL) and Senators  Chris Coons (D-DE), Thom Tillis (R-NC), John Cornyn (R-TX), and Michael Bennet (D-CO). This bicameral and bipartisan legislation would authorize the United States to negotiate Trusted Trade Partner Agreements, aimed at reducing barriers that discourage manufacturing in the U.S. and partner countries. These agreements would also promote regulatory cooperation and other key trade provisions.

     

    To qualify as a Trusted Trade Partner, countries must demonstrate a commitment to global health security, uphold trade agreement compliance, protect U.S. intellectual property, and take steps to reduce trade barriers while promoting sound regulatory practices. Some potential candidates include Singapore, Indonesia, Ireland, Poland, and Switzerland.

     

    The legislation aims to strengthen global medical supply chains, enhancing U.S. national security and public health while ensuring preparedness for future pandemics. It empowers the U.S. Trade Representative to negotiate Trusted Trade Partner Agreements, reducing barriers like tariffs and quotas that discourage manufacturing in the U.S. and allied nations. Additionally, it promotes regulatory cooperation and expands access to government procurement opportunities.

     

    “If COVID taught us anything it is that it’s crucial that we reduce our reliance on foreign nations, especially adversaries like Communist China, for essential lifesaving supplies such as pharmaceuticals and medical devices. Strengthening domestic production will enhance national security, ensure a stable supply of critical medications and medical equipment, and protect Americans from future disruptions,” said Rep. Nicole Malliotakis.

    “The Medical Supply Chain Resiliency Act is a critical step toward ensuring that America’s healthcare providers have reliable access to the essential supplies they need, by strengthening trade partnerships with our allies and expanding domestic manufacturing, we can enhance our nation’s preparedness for future health challenges. I’m proud to support this bipartisan effort to reinforce our medical supply chains and protect public health,” said Senator Thom Tillis.

    “During the pandemic, the U.S. faced severe shortages of medical supplies due to overreliance on foreign adversaries like China, this legislation would allow the U.S. to engage in trade negotiations with trusted allies for medical goods and services, helping ensure we’re better prepared to respond to future global health crises,” said Senator John Cornyn.

    “Life-threatening shortages of testing kits, drugs, and masks during the COVID-19 pandemic showed us just how fragile our medical supply chains are. If we are caught off-guard like we were during COVID once again, more Americans will die, working with our most trusted trading partners to make our supply chains more resilient will strengthen our response to future public health emergencies while ensuring health care providers have access to essential medical products and patients have access to life-saving care,” said Senator Chris Coons.

     

    “The Chamber strongly supports the Medical Supply Chain Resilience Act, which will strengthen supply chains for medical goods and services while bolstering manufacturing in the U.S. and among our close allies and partners. Enhancing the resilience of medical supply chains is important to both our public health and our national security,” said the U.S. Chamber of Commerce Senior Vice President for International Policy John Murphy.

     

    “The Medical Supply Chain Resiliency Act is the type of positive approach to trade America must embrace to deepen its economic partnerships with key allies. By empowering the United States Trade Representative to negotiate new agreements with trusted trade partners, the United States has the opportunity to strengthen supply chain security, support U.S. innovation and jobs, and, ultimately, improve health outcomes. It is critically important that the United States collaborate with its allies to support the public health demands of our populations and prepare to meet the challenges of the next global health emergency. NFTC applauds Senators Tillis, Coons, Cornyn, and Bennet for championing this legislation, and urges Congress to support its swift passage,” said National Foreign Trade Council (NFTC).

     

    Earlier this year, Malliotakis reintroduced the Supply Chain Security and Growth Act of 2025, bipartisan legislation that would leverage Investment Tax Credits (ITCs) to facilitate a rapid movement of critical U.S. supply chains to Puerto Rico from less desirable and unreliable locations such as China with Reps. Jimmy Panetta (CA-19), Vern Buchanan (FL-16), Nydia Velazquez (NY-07), Mike Kelly (PA-16), Mike Lawler (NY-17) and Resident Commissioner Pablo Hernandez (PR-AL).

    MIL OSI USA News –

  • MIL-OSI USA: Malliotakis Leads Bipartisan Legislation to Strengthen U.S. Medical & Pharmaceutical Supply Chains

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, D.C.) – Congresswoman Nicole Malliotakis introduced the Medical Supply Chain Resiliency Act alongside Rep. Brad Schneider (D-IL) and Senators  Chris Coons (D-DE), Thom Tillis (R-NC), John Cornyn (R-TX), and Michael Bennet (D-CO). This bicameral and bipartisan legislation would authorize the United States to negotiate Trusted Trade Partner Agreements, aimed at reducing barriers that discourage manufacturing in the U.S. and partner countries. These agreements would also promote regulatory cooperation and other key trade provisions.

     

    To qualify as a Trusted Trade Partner, countries must demonstrate a commitment to global health security, uphold trade agreement compliance, protect U.S. intellectual property, and take steps to reduce trade barriers while promoting sound regulatory practices. Some potential candidates include Singapore, Indonesia, Ireland, Poland, and Switzerland.

     

    The legislation aims to strengthen global medical supply chains, enhancing U.S. national security and public health while ensuring preparedness for future pandemics. It empowers the U.S. Trade Representative to negotiate Trusted Trade Partner Agreements, reducing barriers like tariffs and quotas that discourage manufacturing in the U.S. and allied nations. Additionally, it promotes regulatory cooperation and expands access to government procurement opportunities.

     

    “If COVID taught us anything it is that it’s crucial that we reduce our reliance on foreign nations, especially adversaries like Communist China, for essential lifesaving supplies such as pharmaceuticals and medical devices. Strengthening domestic production will enhance national security, ensure a stable supply of critical medications and medical equipment, and protect Americans from future disruptions,” said Rep. Nicole Malliotakis.

    “The Medical Supply Chain Resiliency Act is a critical step toward ensuring that America’s healthcare providers have reliable access to the essential supplies they need, by strengthening trade partnerships with our allies and expanding domestic manufacturing, we can enhance our nation’s preparedness for future health challenges. I’m proud to support this bipartisan effort to reinforce our medical supply chains and protect public health,” said Senator Thom Tillis.

    “During the pandemic, the U.S. faced severe shortages of medical supplies due to overreliance on foreign adversaries like China, this legislation would allow the U.S. to engage in trade negotiations with trusted allies for medical goods and services, helping ensure we’re better prepared to respond to future global health crises,” said Senator John Cornyn.

    “Life-threatening shortages of testing kits, drugs, and masks during the COVID-19 pandemic showed us just how fragile our medical supply chains are. If we are caught off-guard like we were during COVID once again, more Americans will die, working with our most trusted trading partners to make our supply chains more resilient will strengthen our response to future public health emergencies while ensuring health care providers have access to essential medical products and patients have access to life-saving care,” said Senator Chris Coons.

     

    “The Chamber strongly supports the Medical Supply Chain Resilience Act, which will strengthen supply chains for medical goods and services while bolstering manufacturing in the U.S. and among our close allies and partners. Enhancing the resilience of medical supply chains is important to both our public health and our national security,” said the U.S. Chamber of Commerce Senior Vice President for International Policy John Murphy.

     

    “The Medical Supply Chain Resiliency Act is the type of positive approach to trade America must embrace to deepen its economic partnerships with key allies. By empowering the United States Trade Representative to negotiate new agreements with trusted trade partners, the United States has the opportunity to strengthen supply chain security, support U.S. innovation and jobs, and, ultimately, improve health outcomes. It is critically important that the United States collaborate with its allies to support the public health demands of our populations and prepare to meet the challenges of the next global health emergency. NFTC applauds Senators Tillis, Coons, Cornyn, and Bennet for championing this legislation, and urges Congress to support its swift passage,” said National Foreign Trade Council (NFTC).

     

    Earlier this year, Malliotakis reintroduced the Supply Chain Security and Growth Act of 2025, bipartisan legislation that would leverage Investment Tax Credits (ITCs) to facilitate a rapid movement of critical U.S. supply chains to Puerto Rico from less desirable and unreliable locations such as China with Reps. Jimmy Panetta (CA-19), Vern Buchanan (FL-16), Nydia Velazquez (NY-07), Mike Kelly (PA-16), Mike Lawler (NY-17) and Resident Commissioner Pablo Hernandez (PR-AL).

    MIL OSI USA News –

  • MIL-OSI USA: Malliotakis Leads Bipartisan Legislation to Strengthen U.S. Medical & Pharmaceutical Supply Chains

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, D.C.) – Congresswoman Nicole Malliotakis introduced the Medical Supply Chain Resiliency Act alongside Rep. Brad Schneider (D-IL) and Senators  Chris Coons (D-DE), Thom Tillis (R-NC), John Cornyn (R-TX), and Michael Bennet (D-CO). This bicameral and bipartisan legislation would authorize the United States to negotiate Trusted Trade Partner Agreements, aimed at reducing barriers that discourage manufacturing in the U.S. and partner countries. These agreements would also promote regulatory cooperation and other key trade provisions.

     

    To qualify as a Trusted Trade Partner, countries must demonstrate a commitment to global health security, uphold trade agreement compliance, protect U.S. intellectual property, and take steps to reduce trade barriers while promoting sound regulatory practices. Some potential candidates include Singapore, Indonesia, Ireland, Poland, and Switzerland.

     

    The legislation aims to strengthen global medical supply chains, enhancing U.S. national security and public health while ensuring preparedness for future pandemics. It empowers the U.S. Trade Representative to negotiate Trusted Trade Partner Agreements, reducing barriers like tariffs and quotas that discourage manufacturing in the U.S. and allied nations. Additionally, it promotes regulatory cooperation and expands access to government procurement opportunities.

     

    “If COVID taught us anything it is that it’s crucial that we reduce our reliance on foreign nations, especially adversaries like Communist China, for essential lifesaving supplies such as pharmaceuticals and medical devices. Strengthening domestic production will enhance national security, ensure a stable supply of critical medications and medical equipment, and protect Americans from future disruptions,” said Rep. Nicole Malliotakis.

    “The Medical Supply Chain Resiliency Act is a critical step toward ensuring that America’s healthcare providers have reliable access to the essential supplies they need, by strengthening trade partnerships with our allies and expanding domestic manufacturing, we can enhance our nation’s preparedness for future health challenges. I’m proud to support this bipartisan effort to reinforce our medical supply chains and protect public health,” said Senator Thom Tillis.

    “During the pandemic, the U.S. faced severe shortages of medical supplies due to overreliance on foreign adversaries like China, this legislation would allow the U.S. to engage in trade negotiations with trusted allies for medical goods and services, helping ensure we’re better prepared to respond to future global health crises,” said Senator John Cornyn.

    “Life-threatening shortages of testing kits, drugs, and masks during the COVID-19 pandemic showed us just how fragile our medical supply chains are. If we are caught off-guard like we were during COVID once again, more Americans will die, working with our most trusted trading partners to make our supply chains more resilient will strengthen our response to future public health emergencies while ensuring health care providers have access to essential medical products and patients have access to life-saving care,” said Senator Chris Coons.

     

    “The Chamber strongly supports the Medical Supply Chain Resilience Act, which will strengthen supply chains for medical goods and services while bolstering manufacturing in the U.S. and among our close allies and partners. Enhancing the resilience of medical supply chains is important to both our public health and our national security,” said the U.S. Chamber of Commerce Senior Vice President for International Policy John Murphy.

     

    “The Medical Supply Chain Resiliency Act is the type of positive approach to trade America must embrace to deepen its economic partnerships with key allies. By empowering the United States Trade Representative to negotiate new agreements with trusted trade partners, the United States has the opportunity to strengthen supply chain security, support U.S. innovation and jobs, and, ultimately, improve health outcomes. It is critically important that the United States collaborate with its allies to support the public health demands of our populations and prepare to meet the challenges of the next global health emergency. NFTC applauds Senators Tillis, Coons, Cornyn, and Bennet for championing this legislation, and urges Congress to support its swift passage,” said National Foreign Trade Council (NFTC).

     

    Earlier this year, Malliotakis reintroduced the Supply Chain Security and Growth Act of 2025, bipartisan legislation that would leverage Investment Tax Credits (ITCs) to facilitate a rapid movement of critical U.S. supply chains to Puerto Rico from less desirable and unreliable locations such as China with Reps. Jimmy Panetta (CA-19), Vern Buchanan (FL-16), Nydia Velazquez (NY-07), Mike Kelly (PA-16), Mike Lawler (NY-17) and Resident Commissioner Pablo Hernandez (PR-AL).

    MIL OSI USA News –

  • MIL-OSI Canada: Speech by FCAC Commissioner Shereen Benzvy Miller for the Open Banking Expo Canada 2025

    Source: Government of Canada News

    Check against delivery. This speech has been translated in accordance with the Government of Canada’s official languages policy and edited for posting and distribution in accordance with its communications policy.

    Delivered June 17, 2025, in Toronto, Ontario

    Thank you for the invitation to speak at Open Banking Expo. It is a pleasure to be here.

    I’ll be speaking in English today, but if any of our francophone colleagues have questions or would like me to clarify anything, please don’t hesitate to come chat with me afterwards. / Je vais m’exprimer en anglais aujourd’hui, mais si les participants francophones ont des questions ou souhaitent des précisions, n’hésitez surtout pas à venir me voir par la suite.

    As you have heard, I am Commissioner of the Financial Consumer Agency of Canada, the organization responsible for implementing Canada’s Consumer-Driven Banking Framework.

    This is a new role for us. In taking it on, we build on a foundation of: 

    • deep knowledge of how the banking industry in Canada functios
    • long-lasting and ongoing partnerships and collaboration with stakeholders in the financial ecosystem
    • and our research and data-driven insights on consumers’ needs, behaviours, and expectations.

    I want to update you on progress we and our partners have made in developing a secure framework for consumer-driven banking, which will protect Canadians, foster innovation, and build consumer trust.

    I will also highlight how our approach is grounded in research and data. I want to emphasize that evidence is shaping every step we take.

    Consumer-driven banking — or “open banking” — is already part of the lives of Canadians.

    A growing number of us share our financial data online with various service providers, including the many fintechs here today.

    Canadians appreciate the growing array of products and services offered by fintechs. Thanks to these, the financial industry is more inclusive and efficient than ever.

    But …. in this generally positive picture, there is an important blemish.

    It won’t surprise you to hear that I am referring to screen-scraping. I know that for many of you, screen-scraping only touches a subset of your business.

    But we can all agree that there is a better way to share data, given the host of security, liability, and privacy risks posed by screen-scraping—both for consumers and for the financial system.

    FCAC’s research on public awareness and understanding of open banking indicates a significant preference against the use of screen-scraping.

    When Canadians were introduced to the concept of screen-scraping and given an explanation of how it works—because most were unfamiliar with it—86% stated they would rather not use it.

    This finding highlights the public’s preference for trustworthy, transparent, well-regulated methods for participating in financial transactions online, that ensure privacy, security, and control over their financial data.

    Consumer trust

    Our international research tells us that trust not only strongly influences consumers’ willingness to engage with open banking products and services, but that it’s also key to increasing financial inclusion—because consumers are more willing to share financial data when they trust the system.

    We also know from the open banking experience in the UK and Australia that good design—which emphasizes transparency, control, and ease of use—significantly increases consumers’ comfort with data sharing.

    And consumer trust is not just essential for individuals—it’s a driving force for business growth and innovation.

    A Bank of England study found that even a modest increase in consumer trust made fintechs nearly 4 times more likely to invest and participate in open banking.

    This shows that when consumers feel secure about financial innovations, businesses are more willing to invest, expand, and develop solutions that drive the future of finance.

    As for consumer protection, our research confirms that most Canadians would not trust sharing their financial data without the safeguards they are used to when dealing with regulated entities like banks, such as:

    • protection from identify theft and financial losses due to data breaches or fraud
    • and clear complaints-handling and redress mechanisms to make things right if something goes wrong.
    • It follows that success will be measured by our ability to develop a financial experience that is both seamlessly integrated and highly trusted, so it becomes part of daily life.

    The same way we no longer think twice about tapping a screen to connect with loved ones, navigate a city, or take a photo.

    We envision a future—not too far off—where consumers can securely share their financial data with trusted providers at the tap of a button, receive personalized insights in real time, and switch between services with the same ease as switching between apps.

    So, how do we build consumer trust?

    We do it by getting the foundation right.

    Foundational elements

    The foundational elements are set out in the Consumer-Driven Banking Act that came into force last year. It was an important step in reshaping the financial landscape.

    Among other things:

    • The Act authorizes FCAC to implement and oversee the Consumer-Driven Banking Framework with a focus on safeguarding consumer interests.
    • The Act also grants the Minister of Finance the authority to designate a technical standards body that will be responsible for developing secure application programming interface standards to be used by participants when sharing consumers’ financial data.
    • And the Act clarifies some of the requirements—including what is the in-scope data that can be shared between Framework participants—as creates a public registry of participants by FCAC (which are requirements that are not yet in force).

    Since the Act was adopted, my team has been working closely with the Department of Finance, with industry, and with other stakeholders.

    Along the way, we have drawn important lessons from the experience of other jurisdictions, which we aim to capitalize on.

    Technical standards and common rules

    Under the new Act, FCAC will be responsible for supervising the technical standards body, the external complaints body, and the financial service providers participating in open banking, to ensure they meet their respective obligations.

    We are also developing common rules with the Department of Finance. These will address consumer protection interests, as well as privacy, liability, security, national security, and integrity obligations.

    The common rules will ensure a consistent application of safeguards and uniformity of practice by financial service providers.

    Accreditation

    We are also working on developing an accreditation process to ensure only trusted entities can access financial data when requested by a consumer.

    Accredited entities will display a common visual identifier. Upon seeing this logo, consumers will be able to trust that they are dealing with a provider that has been authorized to participate in the open-banking ecosystem.

    We want to design a process that allows for as many participants as possible, to foster innovation, encourage competition, and promote a more inclusive financial system.

    Key desired elements of the eventual accreditation scheme have already been outlined in public policy statements.

    They include the need for participants to:

    • meet national security safeguards that align with existing financial sector frameworks such as the Retail Payment Activities Act
    • provide mandatory reporting of key information to FCAC on a regular basis
    • and demonstrate robust cybersecurity and data-protection practices, and an ability to meet common rules on consumer protection.

    Together, these elements form the foundation of a robust accreditation framework that prioritizes national security, regulatory transparency, and consumer trust.

    Consumer awareness

    FCAC is also developing a consumer awareness strategy.

    To inform the strategy, we are conducting public opinion research and collaborating with international jurisdictions that have implemented open banking, to learn from their experiences.

    One lesson we have already learned is that timely communications—about how open banking works and how it will add value—are vital.

    By timely, I mean that wide-spread promotion should ideally take place as soon as there are concrete and compelling applications by participants in the Framework.

    The awareness strategy will also be driven by the reality that most consumers have never heard of open banking.

    Our research shows that only 9% of Canadians know what it is, and awareness is especially low among seniors, lower income respondents, and women.

    Moreover, of the Canadians who have heard of open banking, few understand how it works or how it can benefit them.

    We’ll have to demystify open banking and demonstrate through real-life examples how open banking can give them more control, more choice, and more confidence in their financial lives.

    Next steps

    Today, I have discussed how the Financial Consumer Agency of Canada is moving with partners to establish the necessary foundational elements of Canada’s Consumer-Driven Banking Framework—all based on best practices and evidence-based research.

    As for the next steps, we look forward to the next round of legislative amendments being tabled in Parliament by the Minister of Finance. These will be followed by regulations.

    And to make sure that industry players understand what’s expected of them, our Agency will issue supervisory guidance.

    This guidance will reflect the Agency’s commitment to promoting understanding and compliance within the consumer-driven banking ecosystem.

    And to facilitate collaboration, we will establish an advisory committee including members from Federal, provincial, and territorial governments.

    Our goal is to deliver a modern financial ecosystem that fosters innovation, enhances Canada’s global competitiveness, protects consumers, and maintains their trust.

    Specifically, consumers must trust that they can control, edit, manage, and delete their financial information, and that they can decide when, how, and to what extent their data are shared with others.

    Together, we can develop a framework that doesn’t just open doors to innovation but opens possibilities for every Canadian to take control of their financial journey.

    My team at the Agency and I are committed and excited about what the future will bring.

    We look forward to continuing our collaboration with all of you on developing a framework that will benefit both Canadians and Canada’s financial system

    Thank you

    MIL OSI Canada News –

  • MIL-OSI Canada: Increasing productivity among Quebec SMEs: Nearly $8.5M for Cotech to Expand and Automate its L’Isle-Verte Plant

    Source: Government of Canada News

    L’Isle-Verte, Quebec, June 17, 2025 –  The Member for Rivière-du-Loup–Témiscouata–Les Basques, Amélie Dionne, on behalf of the Minister of Economy, Innovation and Energy and Minister Responsible for Regional Economic Development, Christine Fréchette, the Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions (CED), the Honourable Mélanie Joly, as well as Investissement Québec announce that a total of $8,440,000 in investments have been made in Cotech, a manufacturer specializing in agricultural, snow removal and excavation equipment. This funding has enabled the business to expand its plant in L’Isle-Verte and acquire automated equipment to increase its productivity.

    In addition to creating jobs, this project, valued at approximately $18 million, will help Cotech increase its efficiency and continue to thrive. In the current geopolitical context, it is more necessary than ever to invest in the growth and productivity of businesses to make them more attractive and competitive in strategic sectors such as manufacturing.

    Quotes

    “Thanks to its innovative products, Cotech has been recognized as a leader in its field for over 25 years. I am proud it set up shop in L’Isle-Verte, right here in our riding of Rivière‑du-Loup–Témiscouata–Les Basques, thereby creating wealth and jobs to the benefit of our community. Congratulations to the team on this visionary project to expand, which will help to further dynamize our region!”

    Amélie Dionne, Member for Rivière-du-Loup–Témiscouata–Les Basques

    “A priority of the Government of Canada is to ensure our communities prosper and, with this in mind, SMEs are essential to the country’s economic growth. That is why CED is proud to invest in this project, which will help increase Cotech’s productivity and production capacity and have positive spin-offs for the entire Bas-Saint-Laurent region.”

    The Honourable Mélanie Joly, Minister of Industry and Minister responsible for CED

    “Fostering productivity is an effective way to protect our SMEs and our economy. These investments will enable Cotech to accelerate its shift to automation to enhance its performance even further in its line of business. With these kinds of forward-looking projects, we can consolidate the presence of our SMEs and Quebec as a whole on the North American market.”

    Christine Fréchette, Minister of Economy, Innovation and Energy and Minister Responsible for Regional Economic Development

    “By placing automation at the heart of its strategic priorities, Cotech is able to pursue growth and deepen its roots in the Bas-Saint-Laurent region. Investissement Québec, as a frontline player in supporting this kind of initiative, salutes this new milestone, which will enable the business to increase its production capacity while remaining at the cutting edge of technology.”

    Bicha Ngo, President and CEO, Investissement Québec

    “This project is a direct response to the sustained increase in the demand for our products and reflects our willingness to better serve our clients, while also maintaining the highest quality standards. This investment ensures our competitiveness on the North American market. It is also a strong gesture that demonstrates our long-term commitment to our region, our employees and the future of our sector.”

    Etienne Côté, President, Cotech

    Quick facts

    • For over 25 years, Cotech has been manufacturing agricultural, snow removal and excavation equipment. The business designs and manufactures innovative accessories of superior quality adapted to small and medium capacity equipment such as snowplows, excavator and wheel loader buckets, and pallet and agricultural forks.
    • The funding includes a loan of $4,500,000 through the ESSOR program, administered by Investissement Québec as the government’s representative; a loan of $2,440,000 provided from Investissement Québec capital funds; and a repayable contribution of $1,500,000 from CED granted under the Regional Economic Growth through Innovation program.
    • The ESSOR program aims to support investment projects in Quebec with a view to increasing competitiveness and productivity, creating jobs and boosting sustainable development.
    • CED’s Regional Economic Growth through Innovation program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.

    Stay connected

    Ministère de l’Économie, de l’Innovation et de l’Énergie on social media:

    Investissement Québec on social media:

    Follow CED on social media
    Consult CED’s news

    Sources

    Amélie Martineau
    Press Secretary
    Riding Office of the Member for Rivière-du-Loup–Témiscouata–Les Basques
    Tel.: 418-551-0975

    Catherine Pelletier
    Press Secretary
    Office of the Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for the Metropolis and the Montréal Region
    Cell: 450-204-5158

    Véronique Simard
    Director of Operations and Acting Director of Communications
    Office of the Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions
    Email: veronique.simard2@ised-isde.gc.ca

    Information

    Jean-Pierre D’Auteuil
    Head of Media Relations
    Communications Branch
    Ministère de l’Économie, de l’Innovation et de l’Énergie
    Cell: 418-559-0710
    Email: relationsmedias@economie.gouv.qc.ca

    Samuel Bergeron
    Advisor – Media and Government Affairs
    Investissement Québec
    Tel.: 263-999-8144
    Email: samuel.bergeron@invest-quebec.com

    Media Relations
    Canada Economic Development for Quebec Regions
    Email: media@dec-ced.gc.ca

    MIL OSI Canada News –

  • MIL-OSI: Anthem and BGO to develop purpose-built rental community in Coquitlam centre

    Source: GlobeNewswire (MIL-OSI)

    COQUITLAM, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) — Anthem Properties and BGO announced today the formation of a partnership to develop a purpose-built rental, low-rise multi-family residential development on a 2-acre site located at 1184 Inlet Street, Coquitlam, BC. This marks the first joint venture between Anthem and BGO.

    The redevelopment plan for the site consists of two six-storey woodframe buildings that will include 197 homes ranging from studios to spacious three-bedroom apartments. Located adjacent to Lafarge Lake, the project will offer residents excellent access to numerous parks, Douglas College, SkyTrain and West Coast Express, along with ample retail, dining, and services at Coquitlam Centre. The Property will provide tenants with an attractive amenity offering, including dog wash stations, bike storage, parcel storage, a fitness facility, party room, outdoor playground, urban agriculture plots, and BBQ areas. The tenant package will include 3,025 SF of amenity space, 173 parking stalls and 196 storage lockers.

    “We look forward to a productive new partnership between Anthem and BGO to deliver a project that is well-positioned to meet the current market demands for well-located, low-rise rental housing in one of Metro Vancouver’s fastest growing cities,” said Jordan Carlson, Senior Vice President, Investment Group, Anthem Properties.

    “We’re excited to add to our portfolio with the launch of this new development project for our Canadian Value-Add strategy in partnership with Anthem—a highly capable and experienced developer with deep local roots,” said Chetan Baweja, Managing Director, Head of Canadian Value-Add & Separate Accounts, BGO. “1184 Inlet Street is a compelling, amenity-rich, low-rise development that aligns perfectly with our strategy—well-located, community-focused, and built for high quality sustainable living. It reflects our strong conviction in the need for low-rise purpose-built rental housing and the enduring fundamentals driving demand in Coquitlam and the Tri-Cities region.”

    The Property is designed and is expected to be 50% more energy-efficient than the 2018 BC Building Code standards, achieved through enhanced insulation, upgraded glazing, advanced air barriers, and high-performance energy-recovery ventilators.

    Construction financing and municipal approvals have been secured, and the co-owners, with Anthem acting as the Development, Construction and Property Manager, are planning to commence construction immediately. Completion is anticipated for late 2027.

    About Anthem Properties

    Founded in 1991, Anthem is a real estate development, investment and management company of 850+ people driven by creativity, passion, and direct communication. Anthem has invested in, developed or managed – alone or in partnership – more than 400 residential and commercial projects across North America. Our growing residential portfolio includes 44,000 homes that are complete, in design or under construction, from mixed-use residential to townhome, rental and single-family homes. We own, co-own, manage or have previously owned 12 million square feet of retail, industrial and office space, and our land portfolio includes more than 60 communities, spanning 9,100 acres across Canada and the United States. We are Growing Places.

    About BGO

    BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $86 billion USD of assets under management (as of March 31, 2025) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets.

    BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.

    The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.

    For more information, please visit www.bgo.com

    MEDIA CONTACTS

    Elisha McCallum
    Vice President, Communications, Anthem Properties
    Phone: 604.488.3612 Mobile: 778.668.0185
    Email: emccallum@anthemproperties.com

    Rahim Ladha Global Head of Communications, BGO
    Email: media@bgo.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af12d0e9-d7a1-4043-a6ef-04c55c519c45

    The MIL Network –

  • MIL-OSI: Standard Premium Finance Holdings Increases Line of Credit with First Horizon Bank to Support Ongoing Growth

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 17, 2025 (GLOBE NEWSWIRE) — Standard Premium Finance Holdings, Inc. (OTCQX: SPFX) (Standard Premium), a leading specialty finance company, today announced an increase to its revolving line of credit with First Horizon Bank (NYSE:FHN), a leading regional bank operating in 12 states across the southern U.S. The amendment raises Standard Premium’s borrowing capacity from $45 million to $50 million, supporting the Company’s strategic growth trajectory.

    “Standard Premium has consistently demonstrated strong performance and thoughtful leadership in a dynamic market,” said Jake McCrary, managing director, First Horizon Bank. “First Horizon has maintained a strong relationship with Standard Premium since it became a client in 2021.”

    The amended line of credit, effective since May 21, 2025, marks the fourth modification to the loan agreement since its inception in 2021. The increased commitment comes at a pivotal time for the Company, which continues to see rising demand for flexible premium financing solutions amid record breaking growth, including a 24.9% year-over-year revenue increase. Additionally, net income surged 84.1% in FY 2024, while loan originations rose 14%. In Q1 2025, earnings per share increased 230% as the Company improved profitability and reduced operating expenses by 7.8% year-over-year.

    “This expanded line of credit positions us to meet growing demand, invest in innovation and better serve our customers across the country,” says William Koppelmann, CEO, Standard Premium. “We appreciate the continued support of First Horizon Bank, who understands our commitment to meaningful growth objectives.”

    About Standard Premium Finance Holdings, Inc.
    Standard Premium Finance Holdings, Inc. (OTCQX: SPFX), is a specialty finance company which has financed premiums on over $2 Billion of property and casualty insurance policies since 1991. We currently operate in 38 states and are seeking M&A opportunities of synergistic businesses to leverage economies of scale. https://www.standardpremium.com/ 

    Cautionary Statement Regarding Forward-Looking Statements
    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended with regard to our anticipated future growth and outlook. Our actual results may differ from expectations presented or implied herein and, consequently, you should not rely on these forward-looking statements as predictions of future events. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or results.

    Additional information concerning risk factors relating to our business is contained in Item 1A Risk Factors of our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2025 which is available on the SEC’s website at www.sec.gov or on the Investor Relations section of our website, standardpremium.com.

    Media:
    Nicholas Turchiano
    CPR Marketing
    nturchiano@cpronline.com
    201-641-1911×35

    The MIL Network –

  • MIL-OSI: Double Deposit Bonus. 100x Leverage. No KYC. Crypto Futures Trading for Everyone on BexBack.

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 17, 2025 (GLOBE NEWSWIRE) — As Bitcoin returns to around $105K, the cryptocurrency market is once again in high volatility. Experienced traders know that the real opportunity lies not in holding, but in leveraged futures trading.

    In high-volatility conditions like these, spot traders often struggle to generate short-term profits. That’s why more and more investors are turning to 100x leverage crypto futures to amplify gains and capitalize on market swings.

    BexBack Exchange is at the forefront of this shift, offering powerful tools and unmatched promotions to help users seize the moment. The platform now features:

    Why Trade with 100x Leverage?

    1. Amplified Profits – Control large positions with a small capital base, turning small moves into major wins.
    2. Low Entry Barrier – Enter high-value trades without locking up massive funds.
    3. Trade Volatility with Precision – Profit in both bullish and bearish markets.
    4. Maximize Capital Efficiency – Free up your assets for multiple strategies.
    5. Profit in Any Direction – Long or short, leveraged futures let you adapt instantly.

    What Is 100x Leverage — and Why It Works

    Imagine BTC is at $100,000.
    You go long with 1 BTC using 100x leverage — meaning you’re trading as if you had 100 BTC.
    If BTC rises just 5%, to $105,000, you gain 5 BTC in profit — a 500% ROI.

    And with BexBack’s 100% deposit bonus, if you started with 2 BTC, your margin becomes 4 BTC. That 5% move would now return up to 10 BTC — a 1000% ROI.
    (Note: While leverage multiplies gains, it also increases risk. Manage carefully.)

    How the 100% Deposit Bonus Works

    • Bonus is automatically credited after your qualifying deposit.
    • It can’t be withdrawn directly — but can be used to increase position size or reduce liquidation risk.
    • Works as “extra margin” in volatile markets — helping you stay in the trade longer.

    Why More Traders Are Switching to BexBack

    BexBack is licensed as a U.S. MSB (Money Services Business) and serves over 500,000 users across North America, Europe, and Asia. Unlike many competitors, BexBack removes friction — with no identity checks and instant onboarding.

    Platform Highlights:

    • No KYC Required – Start trading instantly with just an email
    • 100% Deposit Bonus – Double your capital instantly
    • 100x Leverage – Maximize your trading power
    • Zero Slippage & No Spread – What you see is what you get
    • 10 BTC Demo Account – Practice risk-free before going live
    • Web + Mobile Support – Trade anywhere, anytime
    • 24/7 Global Support – Professional customer service at your side
    • Affiliate Program – Earn up to 50% commission as a BexBack partner

    Are you ready to make money?

    Missed the last crypto wave? Don’t miss this one.

    With 100x leverage, up to $50 welcome bonus, and no KYC, BexBack lets you trade faster, smarter, and with full control.

    The next bull run doesn’t wait — why should you?

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c4b520d3-e7a6-4d16-9830-6a16a53ba7f7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e74a667b-491f-4a37-a559-d2305b0a5b42

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2276ba74-58f3-42ec-892b-86f18f7511e5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e0f4d47b-304c-44f7-a8d7-73403c1de0d8

    The MIL Network –

  • MIL-OSI: Kommunitas Announces Strategic Migration of $KOM Token to BNB Chain, Positioning Platform for Next Phase of Growth

    Source: GlobeNewswire (MIL-OSI)

    Leading tier-less launchpad makes strategic move to enhance user experience and expand ecosystem opportunities

    JAKARTA, Indonesia, June 17, 2025 (GLOBE NEWSWIRE) — Kommunitas, the pioneering decentralized launchpad revolutionizing Web3 fundraising, today announced the strategic migration of its native $KOM token from Polygon and Arbitrum networks to BNB Chain. This calculated move represents a significant milestone in the company’s evolution, designed to deliver enhanced performance, reduced costs, and expanded opportunities for its global community.

    Strategic Migration Addresses Market Demands

    The decision to migrate to BNB Chain comes as Kommunitas experiences unprecedented growth in user adoption and project launches. BNB Chain’s proven infrastructure offers the scalability and efficiency required to support Kommunitas’ expanding ecosystem while providing users with substantially lower transaction fees and faster processing times.

    “This migration represents a pivotal moment in Kommunitas’ journey,” said Robby Jeo, CEO of Kommunitas. “BNB Chain provides the robust infrastructure we need to scale our operations while delivering the seamless user experience our community deserves. This strategic alignment positions us to better serve both project founders and investors in the rapidly evolving Web3 landscape.”

    Enhanced User Benefits and Market Access

    The migration to BNB Chain will deliver immediate benefits to $KOM token holders and platform users, including:

    • Significantly reduced transaction costs through BNB Chain’s efficient fee structure
    • Faster transaction confirmations and improved network performance
    • Access to BNB Chain’s extensive DeFi ecosystem, including integration with major decentralized exchanges
    • Enhanced liquidity opportunities through connection to one of crypto’s most active trading environments
    • Continued participation in Kommunitas’ IDO launches and governance mechanisms

    Industry-Leading Infrastructure Partnership

    BNB Chain’s selection as Kommunitas’ new home network reflects the platform’s commitment to partnering with industry leaders. As one of the blockchain sector’s most established and well-supported ecosystems, BNB Chain provides Kommunitas with access to advanced technical resources, strategic partnership opportunities, and visibility within Binance’s extensive network.

    The migration also aligns with Kommunitas’ mission to democratize access to early-stage investment opportunities by reducing barriers and improving accessibility for users worldwide.

    Seamless Transition Process

    Kommunitas will provide comprehensive migration support to ensure a smooth transition for all token holders. Detailed migration guides and step-by-step instructions will be released in the coming weeks, with the technical team available to assist users throughout the process.

    The company emphasizes its commitment to maintaining continuity of service during the migration period, ensuring uninterrupted access to platform features and ongoing IDO opportunities.

    About Kommunitas

    Founded as the world’s first tier-less launchpad, Kommunitas is transforming how blockchain projects raise capital and engage with investors. By eliminating traditional tier-based systems that favor large investors, Kommunitas creates equal opportunities for all participants to access early-stage crypto investments. The platform supports multi-chain project launches and emphasizes transparency, innovation, and community empowerment in all operations.

    Kommunitas has successfully launched numerous high-potential blockchain projects, establishing itself as a trusted bridge between innovative startups and global investment communities. The platform’s commitment to democratizing decentralized fundraising continues to drive its product development and strategic partnerships.

    Forward-Looking Statements

    This press release contains forward-looking statements regarding Kommunitas’ strategic plans, expected benefits of the BNB Chain migration, and anticipated market developments. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially.

    Contact Information:
    Robbie Jeo, CEO
    Email: bizdev@kommunitas.net

    Disclaimer: This content is provided by Kommunitas. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/171158ea-076f-4e4a-8887-c2c35ace974c

    The MIL Network –

  • MIL-OSI: ReconAfrica Announces Closing of C$19 Million Underwritten Offering, Including the Full Exercise of the Over-Allotment Option

    Source: GlobeNewswire (MIL-OSI)

    **NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**

    CALGARY, Alberta, June 17, 2025 (GLOBE NEWSWIRE) — Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) is pleased to announce that it has completed its previously announced and upsized underwritten public offering (the “Offering”) of units of the Company (the “Units”) at a price of C$0.50 per Unit, including the full exercise of the over-allotment option, for aggregate gross proceeds of approximately C$19 million.

    The Offering was led by Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp. and Haywood Securities Inc. (collectively, the “Underwriters”).

    BW Energy Limited (“BW Energy”) (OSE: BWE), directors and management of ReconAfrica and certain other investors, participated in the Offering for approximately C$4.7 million. The Units purchased by BW Energy are subject to a six-month lock-up agreement.

    Each Unit is comprised of one common share of the Company (“Common Share”) and one Common Share purchase warrant of the Company (“Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$0.60‎ until June 17, 2027. The Warrants will commence trading on the TSX Venture Exchange (“TSXV”) under the symbol “RECO.WT.A” on or about June 24, 2025, subject to final TSXV acceptance.

    The net proceeds from the Offering will be used for exploration activities, working capital and general corporate purposes. The primary exploration activity to be funded with net proceeds from the Offering will be the drilling of Prospect I, which has been named the Kavango West 1X well. Work on the access road and drill site is currently being completed while the Company awaits receipt of the remaining requisite permits. The rig mobilization to the Kavango West 1X location is scheduled in late June, with drilling to begin thereafter.

    Kavango West 1X – High Potential Exploration Well

    The Kavango West 1X exploration well will be the second test in the expansive Damara Fold Belt play. The prospect is a large fold identified on modern 2D seismic data which extends over 20 kilometers long by 5 kilometers wide and is expected to penetrate a thick Otavi carbonate reservoir section, which is the primary target in the play. The Kavango West 1X well will be drilled to a planned total depth of approximately 3,800 metres (12,500 feet) and is targeting 346 million barrels of gross unrisked (30 million barrels of gross risked) prospective light/medium crude oil resources on a 100% working interest basis, 312 million barrels(1,2) net unrisked (27 million barrels net risked) to ReconAfrica’s 90% working interest as at the date of the NSAI report or 1,839 billion cubic feet of gross unrisked (133 Bcf risked) prospective natural gas resources on 100% working interest basis, 1,655 billion cubic feet(1,2) unrisked net (120 Bcf net risked) to ReconAfrica’s 90% working interest as at the date of the NSAI report), based on the most recent prospective resources report prepared by Netherland, Sewell & Associates, Inc. (“NSAI”) as at December 31, 2024, filed on SEDAR+ at www.sedarplus.ca (the “NSAI Report”)(1)(2).

    Damara Fold Belt Play Across 11.5 Million Acres in Namibia and Angola

    The Damara fold belt trend is identified in the subsurface by a grid of 2D seismic data, and the Company has mapped 19 prospects and 4 leads on the Namibia side of the play. The Namibia area is estimated to hold 2.6 billion barrels(1,2) of unrisked prospective light/medium crude oil resources and 157 million barrels(1,2) of risked prospective light/medium crude oil resources from the Damara Fold Belt play prospects on PEL 73.

    1. There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Prospective resources are those quantities of oil estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective resources are the arithmetic sum of multiple probability distributions. Unrisked prospective resources are estimates of the volumes that could reasonably be expected to be recovered in the event of the discovery and development of these prospects.
    2. Not reflective of ReconAfrica’s current working interest of 70% of PEL 73.

    Recently, the Company has entered a Memorandum of Understanding (MOU) with National Agency for Petroleum, Gas and Biofuels of Angola (ANPG) ‎for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. This agreement is a strategic addition to the Company’s asset portfolio, which creates an opportunity for early entry into onshore Angola at a low cost, with minimal work commitments. It complements ReconAfrica’s activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2 million contiguous acres in Angola to the existing 6.3 million acres in Namibia in the Damara Fold Belt and Rift Basin exploration plays.

     
    Damara Fold Belt (Namibia)
    Best Estimate (2U) Prospective Light & Medium Crude Oil Resources (MMbbl)‎(1)(2)(3)
     
        Unrisked
    		   Risked
                             
                             
    Play Area/Subclass   Gross
    (100%)    		   Company
    Gross    (1)(2)(3)    		   Net(1)(2)(3)   Gross
    (100%)    		   Company
    Gross    (1)(2)(3)    		   Net(1)(2)(3)
    Damara                        
    Prospects   2,566.1   2,309.5   2,194.0   156.5   140.9   133.8
    Leads   123.2   110.9   105.3   4.1   3.7   3.5
                             

    Notes:

    1. The “Company Gross” and “Net” figures in the table above are as set out in the Resource Report (as defined below) and have not been adjusted for the 20% working interest acquired by BW Energy from ReconAfrica pursuant to the strategic farm down that closed January 29, 2025. As of December 31, 2024 (and the effective date of the Resource Report, ReconAfrica owned a 90% working interest in PEL 73. ‎As of the date hereof, ReconAfrica holds a 70% working interest in PEL 73 (with BW Energy Limited holding a 20% working interest and the National Petroleum Corporation of Namibia ‎‎holding a ‎‎10% carried participating interest). “Net” includes a 5% deduction for royalties.
    2. ReconAfrica engaged Netherland, Sewell & Associates, Inc. (“NSAI”), an independent qualified reserves ‎evaluator, to provide an updated prospective resource report ‎dated March 26, 2025 (with an effective ‎date of December 31, 2024) relating to the Company’s prospective resources (the “Resource Report”). ‎The ‎Resource Report focused solely on the Company’s interest in certain prospects and leads located in ‎the Damara Fold and Thrust Belt (Damara) play area and the Karoo Rift play area of PEL 73‎. ‎The preparation date of the Updated Report is ‎January 1‎, 2025. Prospective resources are the arithmetic sum of multiple probability distributions‎. See “Disclosure of Oil and Gas Information” for further information.
    3. There is no certainty that any portion of the prospective resources will be discovered. If they are ‎discovered, there is no certainty that it will be commercially viable to develop and produce any portion of ‎the prospective resources.‎

    Additional Details on the Offering

    The Offering was completed by way of a prospectus supplement to the Company’s short form base shelf prospectus dated February 29, 2024, filed in all of the provinces and territories of Canada, and the Units were sold outside of Canada on a private placement basis. Copies of the prospectus supplement and the base shelf prospectus are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

    Directors and officers of the Company participated in the Offering and were issued an aggregate of 687,400 Units. Such participation in the Offering constitutes a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“61-101”). The Offering is exempt from the formal valuation and minority shareholder approval requirements of 61-101 as neither the fair market value of the securities issued to related parties nor the consideration for such securities exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to closing of the Offering as the participation of insiders of the Company in the Offering had not been confirmed at that time and the shorter time period was necessary in order to permit the Company to close the Offering in a timeframe consistent with usual market practice for transactions of this nature.

    The Underwriters received a cash commission equal to 7.0% of the gross proceeds of the Offering (other than from the sale of Units to BW Energy and purchasers on the president’s list, for which a 3.0% cash commission was paid), for an aggregate of C$1,124,936. In addition, the Underwriters were issued an aggregate of 2,124,472 broker warrants (the “Broker Warrants”), equal to 7.0% of the number of Units sold under the Offering (other than with respect to those sold to BW Energy and purchasers on the president’s list, for which no Broker Warrants were issued). In addition, the Underwriters received an advisory fee of C$95,000 (plus GST) and 121,380 advisory broker warrants on the same terms as the Broker Warrants. Each Broker Warrant entitles the holder to acquire one Common Share at a price of C$0.50 until June 17, 2027.

    This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

    TSXV Final Approval of Certain Warrant Extensions

    The TSXV has approved the application for extension of certain previously issued unlisted warrants announced by the Company in a news release on May 21, 2025. The warrants with an original expiry date of September 1, 2025, and an exercise price of C$1.40 per Common Share will be extended to March 1, 2027. The warrants with an original expiry date of July 18, 2025, and an exercise price of C$1.35 per Common Share will be extended to January 18, 2027. Warrant holders will not have to take any action in connection with the extensions. The exercise prices remain unchanged.

    About BW Energy

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block in, a 95% interest in the Maromba field in Brazil and a 95% interest in the Kudu field in Namibia, all operated by BW Energy.

    BW Energy, 74% owned by BW Group Ltd., was created as the E&P arm of Oslo listed BW Offshore, a company with more than four decades of experience in operating advanced offshore production solutions and executing complex projects. Since its origin, BW Offshore has executed 40 FPSO and FSO projects.

    About ReconAfrica

    ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas.

    Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    For further information contact:
    Brian Reinsborough, President and Chief Executive Officer
    Mark Friesen, Managing Director, Investor Relations & Capital Markets

    Email: admin@reconafrica.com
    IR Inquiries Email: investors@reconafrica.com
    Media Inquiries Email: media@reconafrica.com

    Tel: +1-877-631-1160

    Cautionary Note Regarding Forward-Looking Statements:

    Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to the expected use of proceeds from the Offering, the anticipated listing of the Warrants on the TSXV, spudding of the Kavango West 1X well following final completion of the access road and drill site preparation, receipt of all required permits and the rig being moved to the drilling location, which has been scheduled for late June 2025, the well being drilled to a planned total depth of approximately 3,800 metres (12,500 feet) and targeting 255 million barrels of unrisked prospective oil resources or 1,350 billion cubic feet of unrisked prospective natural gas resources, and the Company’s commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in its project areas. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica’s current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company’s actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the “Risk Factors” section in the Company’s annual information form (“AIF”) dated April 29, 2025 for the financial period ended December 31, 2024, available under the Company’s profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

    Disclosure of Oil and Gas Information:

    The Resource Report and the prospective resource estimates contained therein and in this press release were prepared by NSAI, an independent qualified reserves evaluator. The Resource Report was prepared in accordance with the definitions and guidelines of the Canadian Oil and Gas Evaluation Handbook maintained by the Society of Petroleum Evaluation Engineers (Calgary Chapter)‎ and National Instrument 51-101 — Standards of Disclosure for Oil and Gas Activities.

    Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially ‎recoverable from undiscovered accumulations by applying future development projects. Prospective ‎resources have both an associated chance of discovery and a chance of development. Prospective ‎resources are further categorized according to the level of certainty associated with recoverable ‎estimates assuming their discovery and development and may be subclassified based on project ‎maturity. The prospective resources included in Resource Report and in this press release should not be construed as reserves or ‎contingent resources; they represent exploration opportunities and quantify the development potential in ‎the event a petroleum discovery is made. A geologic risk assessment was performed for these ‎prospects and leads, as discussed in the Form 51-101F1 — Statement of Reserves Data and Other Oil and Gas Information (“Form 51-101F1”) dated April 29, 2025 and effective as of December 31, 2024‎, available under the Company’s profile at www.sedarplus.ca. The Resource Report is also available under the Company’s profile at www.sedarplus.ca

    The Resource Report does not include ‎economic analysis for these prospects and leads. Based on analogous field developments, it appears ‎that, assuming a discovery is made, the unrisked best estimate prospective resources in the Resource ‎Report have a reasonable chance of being economically viable. There is no certainty that any portion of ‎the prospective resources will be discovered. If they are discovered, there is no certainty that it will be ‎commercially viable to develop and produce any portion of the prospective resources.‎

    For additional information concerning the risks and the level of uncertainty associated with recovery of the prospective resources detailed herein and in the Resource Report, the significant positive and negative factors relevant to the prospective resources estimates detailed herein and in the Resource Report and a description of the project to which the prospective resources estimates detailed herein and in the Resource Report applies are contained within the Form 51-101F1.

    The prospective resources shown herein and in the Resource Report have been estimated using probabilistic methods and are dependent on a petroleum discovery being made. If a discovery is made and development is undertaken, the probability that the recoverable volumes will equal or exceed the unrisked estimated amounts is 90 percent for the low estimate, 50 percent for the best estimate, and 10 percent for the high estimate. Low estimate and high estimate prospective resources have not been included in the Resource Report. For the purposes of the Resource Report, the volumes and parameters associated with the best estimate scenario of prospective resources are referred to as 2U. The 2U prospective resources have been aggregated beyond the prospect and lead level by arithmetic summation; therefore, these totals do not include the portfolio effect that might result from statistical aggregation. Statistical principles indicate that the arithmetic sums of multiple estimates may be misleading as to the volumes that may actually be recovered.

    The MIL Network –

  • MIL-OSI United Kingdom: Civil Nuclear Constabulary welcomes new PSD team leaders

    Source: United Kingdom – Executive Government & Departments

    News story

    Civil Nuclear Constabulary welcomes new PSD team leaders

    The Constabulary welcomes new leadership to its Professional Standards Department bringing, adding decades of experience to promote integrity and accountability

    Superintendent Alastair Stenner (left) and Chief Inspector Aidan Donohoe (right).

    The Civil Nuclear Constabulary (CNC) welcomes new leadership to our Professional Standards Department (PSD) as two new officers join, bringing a wealth of experience.

    Superintendent Alastair Stenner served for over 30 years with Gloucestershire Constabulary. During his career he has worked both in uniform and as a detective, on Counter Terrorism policing and most recently as the Head of Professional Standards, Vetting, Anti-Corruption and Public Feedback.

    Reflecting on his approach to building standards, Alastair said: “How people treat one another is key to me. It is the foundation to how we build the right environment and culture.  Alongside this, the organisation has to provide the right leadership and support so that all can flourish.

    “I would like our PSD and Vetting work to be as open as possible, and I would ask that if anyone has any questions or needs any advice that they make contact with a member of the team.”

    Chief Inspector Aidan Donohoe first served in the Royal Air Force before beginning his policing career at the City of London Police, then Thames Valley Police (TVP) where the majority of his 31-year career was spent.

    He has served as an Authorised Firearms Officer, Operational Firearms Commander, and as an armed surveillance officer. Aidan joins us from his most recent role as Detective Chief Inspector, Head of Investigations for the force’s Professional Standards Department.

    “My focus at TVP was always to try and support officers who had perhaps made genuine errors in judgement and who showed reflection and a willingness to change.  I know the importance of professional development and I’m a strong advocate of giving opportunities to learn and improve.

    “That said, for that minority who bring disgrace, at a time when trust is already low, I am committed to ensuring they have no place in policing.”

    Updates to this page

    Published 17 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Interview with Alexander Novak for Vedomosti newspaper

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Alexander Novak: The main factors of economic development are within our country.

    Question: One of the key tracks of the upcoming SPIEF is: “The World Economy – a New Platform for Global Growth”. Over the past few months, the world economy has experienced not just a series of shocks, but real tectonic shifts. In your opinion, is global growth, in the context of a general movement, possible or is the world steadily moving towards regionalization?

    A. Novak: Global economic growth will continue to some extent until 2030. However, the dynamics of its growth will depend on new challenges and threats that primarily affect global trade flows. This primarily concerns the increasing economic fragmentation of global markets – when trade, investment, exchange of services and technologies are subject to the logic of “mine” and “others”. As a result, investment activity and the well-being of the world’s population are declining.

    These processes did not begin yesterday. Since the early 2000s, the economic center of the world has been shifting from the West to the East. Developing countries, primarily China, are gaining a much greater role in the global economy. Of course, this situation does not suit those who are used to dictating their terms. And we increasingly see how, in order to counteract the growing influence of developing countries on the world economy, Western countries are making active attempts to maintain the status quo on the world stage and preserve their leadership.

    As a consequence, the strengthening of protectionism in the national economy and the revision of the existing results of globalization come to the fore. The main steps in this direction were the actual destruction of the multilateral mechanisms of the WTO, unilateral tariff and non-tariff restrictions on developing countries under the pretext of “threats to national interests”, and the introduction of various sanctions against competitors.

    The current escalation of tariff restrictions is also, of course, another consequence of the confrontation between the West and the rest of the world. The desire to maintain dominant positions in the global economy is happening by “pushing” bilateral agreements instead of multilateral ones. And such steps obviously lead to a new round of regionalization, observed since 2022, and the consolidation of countries within “blocs”.

    In the current conditions, the priority for us is to ensure the implementation of the national development agenda and the construction of sustainable partnerships with friendly countries with their own infrastructure to ensure the interests of these partnerships. This concerns the economic, financial and technological sovereignty of the Russian Federation, which, in the context of involvement in global value chains, requires, first of all, a reconfiguration of foreign economic relations with trading partners.

    I would like to remind you that we took into account the trends of regionalization of the global economy when preparing the Strategy for Foreign Economic Activity adopted by the government at the beginning of last year, therefore, relations with trading partners are built and developed taking into account the influence of geo-economic fragmentation and the opportunities opening up for Russia.

    Question: One of the undisputed leaders of destabilization has become the new US tariffs, which with a high degree of probability will lead to a redrawing of trade flows. What is this primarily for Russia – a risk or an opportunity? How many percent or percentage points of Russia’s GDP can a global trade war take away?

    A. Novak: Subtract or add? No, seriously, from the point of view of forecasting, the situation in world trade is currently the largest zone of uncertainty. There are a great many development options, their implementation depends on a large number of external and internal factors.

    The world is wider than individual Western countries and their circle of partners. Most likely, the situation with trade wars will not be universal. Some commodity flows will be redirected, as usually happens in trade wars.

    At the same time, there will be no repetition of the pandemic situation, when global trade stopped and trade flows collapsed. Therefore, the baseline forecast scenario approved by the government assumes that the growth rate of global trade will slow down, but will not go into recession.

    You are right, for us there are really two sides to the coin: risks and opportunities. The risks are related to the overall slowdown of the global economy, as well as demand and prices for traditional Russian export goods. On the other hand, this is a possible reduction in logistics costs, the opening of new niches, the substitution of Russian products for goods that will leave certain markets. From the point of view of imports, risks arise for our domestic market and domestic producers.

    And yet, no matter how the situation in the world develops, the main factors of the development of the Russian economy are not outside, but inside our country. The main one, with all the importance of the proactive work of the government and the Bank of Russia, is private entrepreneurial initiative. The flexibility and adaptive capacity of national business is the key to the stability of our economy in recent years. The main task of the authorities is to develop and support these qualities in every possible way.

    However, when you think about all the changes that you said were caused by “destabilizing US tariffs,” it is important to understand that tariffs are just a tool, and the goal is not to redirect trade flows. The goal, apparently, is to return key production chains to the native territory of the United States, to return production, competencies, infrastructure. Localization of value chains is what the Trump administration wants to achieve. What level of tariffs is needed to deploy investment? This is an interesting question. I think 10-15% of the final tariff, given how many times goods cross customs borders in the modern world, will be quite enough to create incentives to redirect investment flows. And the current 50% or 100% tariffs are nothing more than a negotiating position from which negotiating tactics have begun to form.

    Question: Is the government considering measures to stimulate investment activity of Russians? Can more active attraction of citizens’ funds to the stock market help businesses solve the problem of lack of financing?

    A. Novak: Yes, of course, measures to stimulate investment activity are being taken, including, as you know, within the framework of the national project “Efficient and Competitive Economy” and the federal project “Development of the Financial Market” included in it. Also, separate support measures of the federal projects “SME” and “Technology” are aimed at the development of SMEs and small technology companies by attracting funds from the financial market, respectively.

    In the context of achieving the “May decree” indicators, our citizens have the opportunity to invest in long-term instruments. For example, one of them is the Long-Term Savings Program, LTS. It involves the state creating conditions for the formation of long-term savings, which are formed both from personal funds and from the pension savings of citizens.

    This program is a new universal savings product that will allow everyone, with the stimulating support of the state, to form capital for their priority goals. PDS is especially relevant for families seeking to provide for the future of their children, create a financial safety net, purchase housing or pay for education. Together with banks, we are trying to actively inform citizens about the availability of such programs and the opportunities they provide.

    Another tool for stimulating investment is more active attraction of citizens’ funds to the stock market, which can have a significant impact on solving the problem of lack of financing for businesses. Firstly, attracting citizens’ funds will help diversify sources of financing for businesses. This will reduce companies’ dependence on bank loans and allow them to more easily adapt to changing economic conditions.

    In addition, active participation of citizens in the stock market can contribute to increasing the financial literacy of the population. Educated investors better understand the risks and opportunities, and accordingly, they make more informed investment decisions. This, in turn, creates a healthier investment environment and promotes economic growth.

    Of course, we understand that the designated incentives will work much better with a reduction in deposit rates. This applies to interest rates on both deposits and loans. According to our estimates, a gradual, correct cooling of the economy is already underway. Citizens will eventually withdraw from deposits and consider the possibility of diversifying their savings.

    Question: What drivers do you think the capital market might have in the current geopolitical and economic conditions?

    A. Novak: There are several such incentives or drivers now. The main “driver” is macroeconomic stability. Reducing inflation expectations, consistent and predictable economic policy contribute to the growth of investor confidence in the stock and bond market.

    Controlling inflation helps reduce investment risks and increases the attractiveness of assets in the capital market.

    In the context of sanctions pressure and limited access to international financial markets, Russian companies are seeking to find new sources of financing within the country. As a result, there is demand for financial instruments such as bonds and shares, and this can contribute to the growth of the stock market. An increase in the number of issuers and an expansion of the range of financial products offered also contribute to the development of the capital market.

    The development of infrastructure for attracting investment can also be an important driver. Authorities and financial institutions can introduce new mechanisms to support business, such as tax incentives for investors, programs to improve the financial literacy of the population, and the creation of more convenient conditions for entering the stock market. This will not only increase the number of investors, but also increase their confidence in financial instruments.

    In addition, in my opinion, digitalization and the development of financial technologies, digital platforms give a significant boost to the capital market. Another plus in this regard is that digital technologies contribute to the growth of liquidity and the reduction of transaction costs.

    Question: At the recent government strategy session on the National Model of Target Conditions for Doing Business, you specifically emphasized that by 2030, Russia should be among the top 20 countries in terms of the investment climate, as assessed by the World Bank B-READY rating. This rating will be discussed at the SPIEF. What do you see as the key priorities for improving the business climate in Russia? In what aspects are there the largest “development zones” today?

    A. Novak: First of all, I would like to clarify that the World Bank’s international rating of the business and investment climate is one of the bases for the formation of the National Model of Target Conditions for Doing Business, along with Russia’s national development goals and the rating of the state of the investment climate.

    When analyzing the data of the pilot study of the business climate in Russia, conducted by the Agency for Strategic Initiatives, “development zones” were identified. Within the areas of engineering infrastructure, labor standards, taxation, dispute resolution, businesses have the most difficulties with the effectiveness of law enforcement of public services, even taking into account the well-developed regulatory framework in the country. We have formed working groups that are currently developing initiatives to improve indicators, such as reducing the number of hours for preparing and submitting tax reports. We are talking about reporting, which currently amounts to about 160 hours per year. Another example: the implementation of initiatives to develop alternative forms of dispute resolution, primarily through arbitration courts and mediation.

    The opposite situation has developed in the areas of business registration, financial services, and bankruptcy procedures. The assessment shows the need to improve regulatory and legal acts in Russian legislation. For example, such initiatives as the development and adoption of norms on restructuring, on pre-trial debt restructuring in order to reduce the period of bankruptcy of companies. In addition, norms are being discussed that change the process of asset sales and asset replacement in bankruptcy proceedings.

    Focusing, among other things, on the international rating, we plan to present the key priorities and results of the formation of the National Model at the St. Petersburg Forum; we are open and will be glad to have as many interested parties as possible participate in the discussion.

    Question: Does the government have a scenario for economic development in which sanctions against Russia are relaxed? If so, which restrictions do you think would be the most realistic to lift?

    A. Novak: Such a scenario is among many forecasts developed by the Ministry of Economic Development, but it is not the main one. The basic forecast scenario approved by the government does not include any drastic changes in terms of sanctions pressure.

    Question: Oil prices are now also under the control of geopolitics. In your opinion, can we say that we are once again entering an “era of low prices”? Is OPEC’s decision to accelerate production growth relevant in this context? Is its adjustment being discussed?

    A. Novak: Global oil prices have historically been under pressure from both political factors and the balance of supply and demand. The key factor of volatility in recent years has been the situation in the Middle East and the risks of supply restrictions through the Strait of Hormuz, as well as the ongoing recovery of the global economy and the risks associated with trade wars unleashed by the United States.

    Historically, affordable prices provoke additional demand for oil while global fuel competition continues. And in general, the world is experiencing a need for additional volumes of raw materials. We believe that OPEC objectively assesses the situation regarding the prospects for global oil demand, and we highly appreciate the competence of OPEC experts.

    As for the issue of adjustment, OPEC countries are in constant contact, monitor the market situation and are ready to respond flexibly and promptly to any changes in the market situation. If necessary, the parameters of the deal can be adjusted in the future to ensure an optimal balance between supply and demand.

    And in the short term, oil prices are always under the power of geopolitics. For example, the current aggravation of the Israeli-Iranian conflict. The key questions that good economists ask in such cases of external shocks are whether the shock is temporary (short-term) or permanent (permanent) and from which side is it – demand or supply? And from these options, the scenario and development of optimal policy occurs.

    Question: The SPIEF is planning to discuss the balance of interests of producers and consumers in the global fuel and energy market. You personally participated in the formation of the current architecture of balance, which allowed the markets to be stabilized. Today, do you see risks of disruption of the balance of supply and demand in the oil market in the medium term?

    A. Novak: The data show that in April, the demand for oil in the world was about 103.1 mbps with supply at 103.7 mbps. Given the current state of the oil market and its overall balance, as well as the traditionally high demand season in the summer, it is extremely important for each country to fulfill its obligations.

    The radical change in the external economic environment (I mean the growing sanctions pressure, the unstable geopolitical situation in the Middle East, as well as the high volatility in the global oil market) confirms that the current mechanism for implementing the agreement is the most effective tool. It ensures maximum efficiency of oil production and state revenues. Thus, OPEC plays and will continue to play a coordinating role in the market, as it has been for the past five years.

    Question: SPIEF is traditionally a platform for international dialogue. In your opinion, what are the most important factors that will determine future relations between energy producing and consuming countries, and how can Russia contribute to strengthening cooperation and stability in this dynamic environment?

    A. Novak: We are witnessing a transformation of the energy market, where, against the backdrop of accelerating energy consumption, accelerated growth is observed in all types of energy resources, both traditional ones – oil, gas, coal, and renewable energy sources. A renaissance in demand for the development of nuclear power plants is observed.

    The key drivers have already become the growth of the population in developing countries and the extensive development of data processing systems. And all this against the backdrop of the introduction of artificial intelligence.

    The recent major power outages in Spain and Portugal show that it is important to provide the population with electricity at economically feasible prices. Also, in addition to domestic generation and the choice of the optimal source in the conditions of inter-fuel competition, it is very important to ensure the possibility of delivering primary resources at acceptable prices.

    In this regard, I cannot help but state the obvious. Russia is a key supplier of energy resources around the world. And not only oil, gas and LNG, but also coal, which in the context of growing demand is an important competitive advantage. Russia is also a reliable partner in the supply of its energy resources, all contract terms are observed, and, given the current realities in the world, only long-term contracts and responsible relationships can become guarantors of a stable supply of energy resources.

    Question: In your opinion, in connection with recent geopolitical events, does the recently approved Energy Strategy need to be adjusted, or does it already take into account all possible risks?

    A. Novak: When developing the Energy Strategy until 2050, a pool of scenarios was considered that assumed various internal and external prerequisites and results of the development of Russian energy. In particular, the Energy Strategy until 2050 takes into account the stress scenario, which assumes a significant decrease in the production indicators of the fuel and energy complex industries against the background of a reduction in export opportunities and a general deterioration in external operating conditions.

    The calculation of quantitative indicators within the framework of the strategy’s stress scenario made it possible to identify the main challenges for the Russian energy sector in each of its sectors and to develop special measures to mitigate the consequences if such a scenario is implemented.

    But, of course, in case of significant changes not taken into account in the wide range of strategy scenarios, adjustments can be made to it. However, the main areas of work will remain the same.

    Question: Is the Power of Siberia 2 project still relevant in the current conditions? Have you managed to reach an agreement with your colleagues from China on the cost of gas? If so, when can a contract be signed for the project and what volume of supplies is currently being discussed?

    A. Novak: China is one of the largest energy consumers in the world, and its rapid economic development, industrial growth and urbanization contribute to a constant increase in energy demand. Particularly noticeable is the growing role of natural gas, which is used as a cleaner alternative to coal. In 2024, gas demand in China amounted to about 430 billion cubic meters, compared to 373 billion cubic meters in 2021, that is, an increase of 15%.

    In recent years, the role of renewable energy sources has also increased significantly in China’s energy sector – the country is the undisputed leader in terms of installed solar and wind generation capacity. If in 2021 the figure was 636 GW, then by 2024 it reached about 1400 GW. However, the growth in the use of renewable energy sources does not mean abandoning natural gas. Gas is expected to be used as a “balancing” fuel in cases of insufficient electricity generation from renewable energy sources and will remain the guarantor of China’s energy security. According to the forecast of the International Energy Agency, in the scenario of current policies, China will increase gas consumption throughout the forecast period, until 2050. By this time, gas demand in China is expected to increase by more than 30% compared to 2023.

    Russia, which is the leader in natural gas reserves (currently 63.4 trillion cubic meters), remains one of the main suppliers of this fuel to China. In this regard, the Power of Siberia 2 project undoubtedly remains relevant. As for the rest, more detailed information directly on the project itself is the subject of commercial negotiations.

    Question: Are there plans to build an oil pipeline to China parallel to Power of Siberia 2? You spoke about the possibility of delivering up to 30 million tons of oil per year through it. Has China confirmed its interest in this project? In what time frame could such a pipeline be built? Is there a preliminary estimate of its cost?

    A. Novak: I repeat: since the implementation of the project is the responsibility of the specialized companies, the details of the agreements are classified as a commercial secret and were not made public. However, I will add that, according to OPEC forecasts, China’s demand for oil in 2023-2050 will grow by an average of 2.5% per year. Against this background, the implementation of new infrastructure projects appears to be an important part of the sphere of interests of China’s fuel and energy sector.

    Question: Are there any risks for the National Welfare Fund due to the reduction in oil and gas budget revenues? The Ministry of Finance is already considering the possibility of adjusting the cutoff price under the budget rule. In this case, what are the prospects for the Russian “piggy bank”? Do you think it is important to continue accumulating the National Welfare Fund?

    A. Novak: Today, the cutoff price according to the budget rule is $60/bbl, and the average Urals FOB in January–April 2025 fluctuates in the range of $59–60/bbl.

    But current world oil prices are a short-term consequence of the current market situation, taking into account the growing factor of trade wars and geopolitical tensions, and do not suit most key oil producers. Therefore, oil prices will be adjusted as the effect of “market shocks” is leveled out and will take on an upward trend.

    As for the National Welfare Fund, it is certainly important to continue to accumulate it. The fund not only allows for the implementation of social projects and the maintenance of the well-being of citizens, but also promotes the development of industry and infrastructure in Russia.

    Question: Is there a need to replace the export of raw materials and first-stage products with new high-tech goods? Are new mechanisms of support from the state needed for this?

    A. Novak: In the context of increased sanctions pressure on the Russian fuel and energy complex, active import substitution is taking place. In parallel, work is actively underway to complete the modernization of oil refineries to improve the quality of manufactured products. The volume of oil and gas engineering currently exceeds 500 billion rubles, and by 2030 it is planned to import-substitute critical equipment by 100%.

    If we look at it from the point of view of petrochemistry, then by 2030 it is planned to increase the volume of production of large-tonnage plastics several times – up to 14 million tons. The development of oil refining will allow to fully provide the domestic market at reasonable prices. In implementing all import substitution projects, Russia is ready to start exporting services and supplying energy on a turnkey basis, that is, from raw materials to the construction of processing complexes in other countries.

    Thus, key measures to support both mechanical engineering and secondary product manufacturing are already being implemented in our country. New measures and mechanisms of support from the state require working out the effects and assessing the impact on the industry.

    Question: The key topic of SPIEF: common values are the basis for growth in a multipolar world. At the beginning of our conversation, we already discussed economic regionalization, but no less important is the division by value orientations. Until recently, carbon neutrality seemed to be a common goal for all countries: programs were adopted, significant budgets were allocated to solve these problems. But Trump’s rise to the presidency of the United States violated the status quo. He said that too much emphasis on renewable energy sources threatens the security of the United States. Do you see in this a general reversal and a paradigm shift in public and political consciousness? In your opinion, how can we maintain a balance between the world of the present and the world of the future, taking into account the priorities of all generations?

    A. Novak: Look what we see today? The aggressive policy of achieving carbon neutrality to the detriment of economic efficiency and the trend towards global replacement of traditional energy sources with renewable energy sources is gradually shifting to a more pragmatic direction. Many countries are adapting their energy policies towards an economically balanced approach to choosing energy sources.

    According to BloombergNEF’s annual report, global energy transition investment in 2024 grew by 11%, exceeding $2 trillion for the first time. However, the growth rate was lower than in the previous three years, when investment grew by 24-29% per year. Thus, to achieve carbon neutrality and net-zero emissions goals by mid-century, global energy transition investment in 2025-2030 will need to average $5.6 trillion per year.

    But investors pulled more than $30 billion out of climate-focused funds last year, ending a four-year boom that saw the value of assets increase sevenfold to $541 billion. Despite a six-fold increase in energy transition investment over the past 10 years, it is still only 37% of what is needed to achieve carbon neutrality. China was the largest such market, with $818 billion in investment.

    Factors that significantly limit the possibilities for large-scale implementation of renewable energy sources include insufficient transmission capacity of electrical networks, the expansion of which significantly reduces the economic efficiency of such generation. There are also limitations associated with the dependence of production on weather conditions. And all this against the background of a low level of maturity of energy storage technologies.

    The recent energy crisis in Spain and Portugal further confirms that today it is the grid complex that is the least prepared element of the energy system to operate in the conditions of the energy transition. Therefore, in the conditions of the current level of development of energy systems and the risks caused by this, it is necessary, first of all, to ensure a balance between economic efficiency, reliability of energy supply and the level of greenhouse gas emissions.

    Source – Vedomosti newspaper

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: Billion Dollar Sports Entertainment Facility Market Witnessing Significantly High Revenue Share

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., June 17, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Sports facilities are not just earning revenues from sports but are also creating additional revenues from entertainment and other events. A recent report from Market.us said that the Global Sports Facilities Market size is expected to be worth around USD 1,084.0 Billion by 2034, from USD 132.4 Billion in 2024, growing at a CAGR of 23.4% during the forecast period from 2025 to 2034. The report said: “Sports facilities are dedicated spaces for athletic activities, training, and competitions. They include stadiums, arenas, gymnasiums, and community sports complexes. Some focus on professional events, while others serve schools and local leagues. These facilities support various sports, offering equipment, seating, and amenities for players and spectators. The sports facilities market includes businesses that develop, operate, and manage venues for sports activities. It covers public and private stadiums, fitness centers, and training complexes. The market depends on sports popularity, event hosting, and investments in infrastructure. Revenue comes from ticket sales, sponsorships, memberships, and government funding. Sports facilities are evolving to meet rising demand. Governments and private investors are upgrading stadiums, gyms, and training centers to attract more visitors.” Active Entertainment companies active in the markets include: Venu Holding Corporation (NYSE American: VENU), Live Nation Entertainment (NYSE: LYV), TKO Group Holdings, Inc. (NYSE: TKO), Madison Square Garden Sports Corp. (NYSE: MSGS), DraftKings Inc. (NASDAQ: DKNG).

    “Major sports events significantly impact local economies. According to Wikipedia, every $1 spent on operating costs and venues generates $2 for the host city. Additionally, these events create over 18,000 jobs on average. For this reason, cities continue to bid for global tournaments despite the high cost of construction and maintenance. Growth in this market is driven by increased sports participation and tourism. New multi-purpose venues host concerts, exhibitions, and esports events alongside traditional sports. However, competition is intense, with regions vying for sponsorships and government funding. As a result, operators focus on technology, sustainability, and unique fan experiences to stay competitive. The impact of sports facilities extends beyond entertainment. Locally, they create jobs, boost tourism, and promote community engagement. On a larger scale, they strengthen the global sports economy. Well-maintained venues attract international events, driving revenue from ticket sales, sponsorships, and broadcasting rights. Consequently, sports infrastructure plays a key role in economic growth.”

    Venu Holding Corporation (NYSE: VENU) Closes $10.125 Million Strategic Investment from Institutional Investor, Issues Convertible Preferred Stock – Venu Holding Corp. ($VENU) has closed a $10.125 million equity investment from a leading institutional investor through the issuance of 675 shares of Series B 4% Convertible Preferred Stock, priced at a Stated Value of $15,000 per share.

    Each share of Series B Preferred Stock is convertible into 1,000 shares of common stock, reflecting a conversion price of $15.00 per share, with a 4% annual cumulative dividend, payable in cash or registered common stock.

    Proceeds from the investment will support the continued development of the Company’s amphitheater buildout, including high-profile venues underway in McKinney, Texas and Tulsa, Oklahoma.

    Key terms of the Series B Preferred Stock include:

    • $15.00/share conversion price
    • Senior priority to common stock
    • Optional redemption rights for the investor if key venues are not operational by August 14, 2027
    • Company call option for conversion if common stock trades above $20.00 for 20 out of 30 consecutive trading days
    • Mandatory redemption if key long-term service agreements are terminated without replacement

    Additionally, the Company has entered into a Registration Rights Agreement and will file a registration statement with the SEC to cover the resale of any common shares issued under the preferred terms. This strategic capital infusion strengthens the Company’s balance sheet and further positions it to capitalize on demand for premium live entertainment infrastructure nationwide.   Read more about Venu Holding at:   https://venu.live/invest/

    In other developments and happenings in the sports/entertainment industry recently include:

    Live Nation Entertainment (NYSE: LYV), the global leader in live events, recently announced the election of Richard Grenell to its Board of Directors. Mr. Grenell brings decades of experience in diplomacy and negotiations, having served as U.S. Ambassador to Germany, Acting Director of National Intelligence, Presidential Envoy for Kosovo-Serbia Negotiations and Presidential Envoy for Special Missions. Mr. Grenell also currently serves as the President of the John F. Kennedy Center for the Performing Arts, where he oversees operations and programming at one of the nation’s premier cultural institutions.

    His career experience will help support Live Nation’s mission to bring more live music to the world, while also advocating for industry reforms that protect both fans and artists. “We are pleased to welcome Ric to our Board,” said Randall Mays, Chairman of the Board of Live Nation Entertainment. “His background will bring a valuable perspective as Live Nation continues to contribute to a growing live music industry around the globe.”

    TKO Group Holdings, Inc. (NYSE: TKO), a premium sports and entertainment company, recently announced that its board of directors has declared a quarterly cash dividend pursuant to which TKO’s Class A common stockholders will receive their pro rata share of an aggregate distribution of approximately $75 million from TKO Operating Company, LLC to its equityholders. The per share dividend to the holders of TKO’s Class A common stockholders will be $0.38 per share. The dividend will be paid on June 30, 2025 to Class A common stockholders of record as of the close of business on June 13, 2025.

    Future declarations of quarterly dividends are subject to the determination and discretion of TKO based on its consideration of various factors, such as its results of operations, financial condition, market conditions, earnings, cash flow requirements, restrictions in its debt agreements and legal requirements and other factors that TKO deems relevant.

    Madison Square Garden Sports Corp. (NYSE: MSGS) recently reported financial results for the fiscal third quarter ended March 31, 2025. Fiscal 2025 third quarter operating results reflected growth in average per-game revenues, including for tickets, sponsorship and premium hospitality offerings, across a combined two fewer New York Knicks (“Knicks”) and New York Rangers (“Rangers”) games played at the Madison Square Garden Arena (“The Garden”) as compared to the prior year quarter. In addition, fiscal 2025 third quarter operating results reflected the impact of expected reductions in local media rights fees as a result of proposed amendments to the Knicks’ and Rangers’ local media rights agreements with MSG Networks Inc. (“MSG Networks”) (as announced on April 25, 2025 and discussed in further detail in the Other Matters section of this earnings release), as well as the impact of the Knicks’ and Rangers’ rosters for the 2024-25 seasons.

    In March, the Company launched its 2025-26 Knicks and Rangers season ticket renewal initiative, which has seen strong demand to date. Subsequent to the end of the fiscal 2025 third quarter, both teams concluded their regular seasons, with the Knicks currently competing in the NBA playoffs.

    For the fiscal 2025 third quarter, the Company generated revenues of $424.2 million, a decrease of $5.8 million, or 1%, as compared to the prior year period. In addition, the Company reported operating income of $32.3 million, a decrease of $47.4 million, or 59%, and adjusted operating income of $36.9 million, a decrease of $51.8 million, or 58%, both as compared to the prior year period.

    In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and online sports wagers placed with licensed operators, DraftKings Inc. (NASDAQ: DKNG) recently announced that it will implement a 50-cent transaction fee on all mobile and online bets placed in Illinois through DraftKings Sportsbook, effective September 1, 2025.

    “Illinois has been an important part of our growth, and we’re proud to have contributed meaningfully to the state through tax revenue, job creation, and a sustained investment in responsible gaming tools and resources,” said Jason Robins, Chief Executive Officer and Co-Founder of DraftKings. “We are disappointed that Illinois policymakers have chosen to more than triple our tax rate over the past two years, and we are very concerned about what this will do to the legal, regulated industry. Meanwhile, Illinois continues to fuel the rapidly growing illegal industry, which pays no taxes or fees and provides none of the consumer protections that regulated operators offer.”

    DraftKings continues to support collaborative policymaking that works for the state and allows for the long-term sustainability of the industry. Should the legislation be repealed, the company will immediately remove the Illinois-specific per wager transaction fee.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM expects to be compensated twenty two hundred dollars for news coverage of the current press releases issued by Venu Holding Corporation by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI Africa: Nigeria’s President Tinubu to Bring Bold Energy Reforms to African Energy Week (AEW) 2025 Stage


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    African Energy Week (AEW) 2025: Invest in African Energies is proud to announce that Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, will address delegates at Africa’s premier energy event in Cape Town. President Tinubu’s participation comes as Nigeria undergoes one of the most ambitious reform drives in its oil, gas and broader energy sectors – a drive that is reshaping the country’s investment climate and unlocking multi-billion-dollar opportunities across the value chain.

    Since assuming office, President Tinubu has spearheaded a wide-ranging program to reposition Nigeria as a top-tier destination for energy investment. In May 2025, he signed an Executive Order on Oil & Gas Reforms, aimed at overhauling project delivery frameworks and significantly reducing costs across the industry. The Order introduces streamlined contracting processes, tax incentives and the removal of regulatory and local content compliance bottlenecks, with a target of cutting upstream project costs by up to 40%. Such reforms are designed to make Nigeria’s operating environment globally competitive and unlock billions of dollars in new investments.

    In the past year, Nigeria has secured over $8 billion in deepwater oil and gas final investment decisions, signaling a renewed appetite among international investors. ExxonMobil, for example, has committed $1.5 billion to new deepwater field developments. Shell is also strengthening its position in deepwater and integrated gas – recently increasing its stake in OML 118, which includes the prolific deepwater Bonga field – while Chevron is expanding operations at the Agbami field, one of Nigeria’s largest deepwater discoveries. 

    Meanwhile, Petrobras has declared its interest in returning to deepwater exploration in Nigeria, seeking frontier acreage as a result of improved regulatory clarity and investor-friendly reforms. The country has also unveiled major new initiatives to promote local content and industrial growth, with multi-billion-dollar investments directed at building domestic capacity in fabrication, engineering and services. This includes the “Naira for Crude” initiative, which aims to promote local refining, enhance energy security and reduce reliance on foreign currency in the domestic oil market.

    Beyond upstream developments, Nigeria is advancing its gas monetization strategy and reviving refining capacity to enhance energy security and drive industrialization. The ongoing operational ramp-up of the 650,000-bpd Dangote refinery – the largest on the continent – is set to begin nationwide distribution of petrol and diesel later this year. The refinery, along with new investments in petrochemical plants, storage facilities and pipeline infrastructure, is expected to help end Nigeria’s decades-long reliance on gasoline imports, a trade valued at $17 billion. The U.S., European and global investor community is increasingly engaging with Nigeria as a strategic partner for energy supply diversification and clean energy integration, further solidifying the country’s position as a leading force in Africa’s energy landscape.

    “Nigeria under President Tinubu is showing the world how decisive policy reforms can directly translate into investor confidence and tangible project commitments,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “What’s happening in Nigeria today is a case study for other African producers: it demonstrates that by cutting red tape, streamlining processes and providing fiscal certainty, countries can attract capital on a large scale while creating real value for their people. We are honored to welcome President Tinubu to AEW 2025 to share this important success story.”

    President Tinubu’s address at AEW 2025: Invest in African Energies will provide a unique opportunity for African and global stakeholders to gain insights into Nigeria’s evolving oil and gas sector, the government’s strategy for long-term energy security and the country’s vision for sustainable industrial development. His leadership is setting a benchmark for how resource-rich nations can balance competitiveness, local value creation and inclusive growth.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa –

  • MIL-OSI Video: K.C. Detective Describes Extracting Forensic Clues From a Damaged Phone

    Source: Federal Bureau of Investigation (FBI) (video statements)

    Jason Steinke, deputy director of the Heart of America Regional Computer Forensics Lab (RCFL) and detective for the Kansas City, Missouri Police Department, describes how he was able to extract forensic information from a damaged mobile phone that helped corroborate information in a case.

    More at: https://www.fbi.gov/news/stories/rcfls-fight-violent-crime-and-protect-national-security-one-byte-at-a-time
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    https://www.youtube.com/watch?v=RIsB7Hj1nQk

    MIL OSI Video –

  • MIL-OSI Video: K.C. Detective Describes How Regional Computer Forensics Labs Extract Data from Devices

    Source: Federal Bureau of Investigation (FBI) (video statements)

    Josh Clevenger, a Kansas City, Missouri Police Department detective, describes the process of extracting forensic data from devices at the Heart of America Regional Computer Forensics Lab (RCFL) in Kansas City.

    More at: https://www.fbi.gov/news/stories/rcfls-fight-violent-crime-and-protect-national-security-one-byte-at-a-time

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    https://www.youtube.com/watch?v=sNel0FQo_nk

    MIL OSI Video –

  • MIL-OSI: AvePoint Launches New Advanced Security and Optimization Features to Elements Platform

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., June 17, 2025 (GLOBE NEWSWIRE) — AvePoint (NASDAQ: AVPT), the global leader in data security, governance and resilience, today announced new capabilities for the AvePoint Elements Platform that enable managed service providers (MSPs) to enhance data security offerings, streamline IT management, and provide optimization services at scale. Through seamless marketplace integration, deep risk user insights, and license and storage optimization, AvePoint is reinforcing its commitment to accelerating profitability and efficiency for MSPs, making their security practices more robust and efficiently organized.

    With nearly a third of small and midsized businesses (SMBs) falling victim to cyberattacks and 81% of SMBs believing AI is increasing the need for additional security controls, MSPs are in the midst of a tremendous market opportunity to take advantage of a rapidly growing market for Managed Security Services. The AvePoint Elements Platform makes it easy to scale deployments and follow through on the desire to standardize their support with one vendor – a goal of nearly three quarters of MSPs today.

    “In today’s market, MSPs must balance robust security measures with resource optimization and operational efficiency,” said Scott Sacket, Senior Vice President of Partner Strategy, AvePoint. “These new features demonstrate the evolution of AvePoint Elements to empower MSPs to navigate challenges with confidence and create sustainable competitive advantage in today’s rapidly changing business landscape.”

    New capabilities generally available today in the AvePoint Elements Platform include:

    • Marketplace Integration: It can be difficult to manage licenses across multiple vendor portals, leading to administrative inefficiencies that can disrupt client services. The platform now integrates with major distributors, allowing partners to purchase, track, and manage all client licenses directly from the Elements dashboard without switching between multiple vendor portals. This unified approach eliminates billing errors, reduces administrative overhead, and ensures MSPs never miss renewal opportunities.
    • Risk User Insight: MSPs face increasing pressure to detect insider threats and suspicious user behavior across their clients’ environments but lack the tools to monitor activities comprehensively without dedicating significant manual resources. This comprehensive feature continuously monitors user activities across network security, configuration security, endpoint security, and identity access management, using customizable rules to identify potential risks before they become breaches. MSPs can now proactively detect suspicious behavior patterns, reduce their liability exposure, and offer clients enhanced security monitoring services that command premium pricing.
    • License Optimization: MSPs can struggle to track license utilization across multiple client environments, resulting in wasted spending on unused or inactive user accounts. This feature analyzes license usage across multiple client tenants, automatically detecting inactive or blocked users and enabling seamless license reassignment without manual intervention. Partners can recover significant wasted license costs for clients while positioning themselves as strategic cost optimization advisors.
    • Storage Optimization: 47% of MSPs report being overwhelmed by the volume of security data they manage, suggesting that compliance and archiving tasks are a major drain on technical resources. This solution allows partners to configure and execute archiving jobs across multiple customers simultaneously, with self-restoration capabilities for end users and industry-specific compliance rules. MSPs can dramatically reduce manual archiving work, ensure clients meet regulatory requirements without constant oversight, and free up technical staff to focus on strategic security services that drive higher margins.

    “These new features align perfectly with our mission for the Elements Platform: streamlining IT management, enhancing data security, and providing optimization services at scale,” said Coby Liang, Head of EMEA, AvePoint. “By helping our partners identify areas to offer value-added services, we’re supporting them in their transition from traditional reselling to comprehensive managed services, ultimately improving their margins and strengthening their client relationships.”

    This release builds upon AvePoint’s strategic investments in its channel business in 2025, including the acquisition of Ydentic, the next-generation Elements platform launch in February and additional security and management capabilities introduced in April.

    For more information on AvePoint Elements, visit the website.        

    About AvePoint:

    Beyond Secure. AvePoint is the global leader in data security, governance, and resilience, going beyond traditional solutions to ensure a robust data foundation and enable organizations everywhere to collaborate with confidence. Over 25,000 customers worldwide rely on the AvePoint Confidence Platform to prepare, secure, and optimize their critical data across Microsoft, Google, Salesforce, and other collaboration environments. AvePoint’s global channel partner program includes approximately 5,000 managed service providers, value-added resellers, and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.

    Forward-Looking Statements

    This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of these and other documents filed by AvePoint from time to time are available on the SEC’s website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint,” “the Company,” “we,” “our” and “us” refer to AvePoint, Inc. and its subsidiaries.

    Disclosure Information

    AvePoint uses the https://www.avepoint.com/ir website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

    Investor Contact
    AvePoint
    Jamie Arestia
    ir@avepoint.com
    (551) 220-5654

    Media Contact
    AvePoint
    Nicole Caci
    pr@avepoint.com  
    (201) 201-8143

    The MIL Network –

  • MIL-OSI: Upexi’s Chief Strategy Officer to Present at The ICR Conference Spotlight Series on June 20th

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., June 17, 2025 (GLOBE NEWSWIRE) — Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced that Brian Rudick, CFA, Chief Strategy Officer (CSO), will present on a panel at the ICR Conference Spotlight Series on Friday, June 20, 2025, at 11:00 a.m. ET.

    Along with Upexi’s CSO Brian Rudick, this virtual panel will feature industry leaders including David Bailey, Founder and CEO of Nakamoto, Leah Wald, President & Chief Executive Officer at Sol Strategies, Inc., and John D’Agostini, Co-Head of Investment Banking at Clear Street. The panel will examine the strategic rationale, benefits, risks, and historical evolution of raising third-party capital in public markets to acquire large positions in cryptocurrencies and holding them on balance sheets as core assets to provide investors with direct exposure to the underlying tokens via equity ownership.

    ICR Conference Spotlight Series Panel Details
    Panel: HODL On Tight: Examining The Rise of Public Market Crypto Balance Sheet Strategies
    Panel Date & Time: Friday, June 20, 2025, at 11:00 a.m. ET
    Webcast: https://ir.upexi.com/news-events/ir-calendar

    A webcast of the presentation will be available after the event on the ‘News and Events’ section of Upexi’s Investor Relations website.

    About Upexi, Inc.
    Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.

    Follow Upexi on X – https://twitter.com/upexitreasury
    Follow CEO, Allan Marshall, on X – https://x.com/marshall_a22015
    Follow CSO, Brian Rudick, on X – https://x.com/thetinyant

    Company Contact
    Brian Rudick, Chief Strategy Officer
    Email:brian.rudick@upexi.com
    Phone: (216) 347-0473

    Investor Relations Contact
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    Email: Upexi@KCSA.com
    Phone: (212) 896-1254

    The MIL Network –

  • MIL-OSI: iPower Announces Strategic Shift Toward Crypto Treasury and Blockchain Infrastructure Services

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CUCAMONGA, Calif., June 17, 2025 (GLOBE NEWSWIRE) — iPower Inc. (Nasdaq: IPW) (“iPower” or the “Company”), a technology-driven eCommerce and supply chain platform, today announced a major strategic shift approved by its Board of Directors. The Company intends to reposition itself as a crypto treasury and blockchain infrastructure services company, with an initial and central emphasis on building a Bitcoin treasury strategy as a foundational component of its future growth.

    As part of this transformation, iPower intends to start accumulating Bitcoin as a treasury reserve asset, with the aim of creating a long-term store of value and serving as a key element in enhancing iPower’s financial resilience and strategic optionality.

    “Our entry into Bitcoin represents a strategic allocation decision grounded in our long-term view of digital assets as a viable treasury component,” said Lawrence Tan, CEO of iPower. “We believe Bitcoin offers strong potential as a reserve asset, and this initial focus aligns with our goals of enhancing balance sheet resilience and positioning the Company in emerging financial ecosystems.”

    Alongside its treasury initiative, iPower plans to expand into blockchain-related retail services, leveraging its operational expertise and infrastructure to deliver a range of consumer-facing offerings:

    • Acting as a retailer of cloud mining power, enabling broader access to mining participation
    • Serving as a distributor and retailer of home-use mining equipment, supporting retail and SMB miners
    • Launching a new line of cold wallets and personal digital asset custody tools to support secure ownership

    iPower plans to integrate these new services into its proprietary SuperSuite platform, which will continue to evolve to support both eCommerce and blockchain-aligned business solutions.

    This strategic pivot reflects iPower’s broader goal of aligning its operations with future-facing technologies and market demand. While the Company will continue to support its existing operations during the transition, iPower’s primary focus will increasingly shift toward the digital asset economy, infrastructure enablement, and consumer access to blockchain-powered tools.

    iPower expects to release additional updates regarding its treasury activities, new product offerings, and partnerships in the coming months.

    About iPower Inc.

    iPower Inc. is a tech and data-driven online retailer, as well as a provider of value-added ecommerce services for third-party products and brands. In addition to its plans to expand into the crypto treasury and blockchain infrastructure services company, iPower’s capabilities include a full spectrum of online channels, robust fulfillment capacity, a nationwide network of warehouses, competitive last mile delivery partners and a differentiated business intelligence platform. iPower believes that these capabilities will enable it to efficiently move a diverse catalog of SKUs from its supply chain partners to end consumers every day, providing the best value to customers in the U.S. and other countries. For more information, please visit iPower’s website at www.meetipower.com.

    Forward-Looking Statements

    All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about iPower’s financial condition, business strategy, development, financial needs and general market conditions. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. iPower undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although iPower believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and iPower cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results and performance in iPower’s Annual Report on Form 10-K and in its other SEC filings.

    Investor Relations Contact:
    IPW.IR@meetipower.com

    The MIL Network –

  • MIL-OSI: Varonis Announces Integration With ChatGPT Enterprise

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, June 17, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the data security leader, today extended its industry-leading Data Security Platform to OpenAI’s ChatGPT Enterprise Compliance API. The integration helps customers automatically identify sensitive data uploads, monitor prompts and responses, and prevent breaches and compliance violations.

    ChatGPT Enterprise boosts workforce productivity for more than 3 million enterprise users. The more data the application can access, the more relevant and useful its responses become.

    Varonis for ChatGPT Enterprise gives customers a powerful and additional layer of defense against compromised accounts, insider threats, and misuse that could result in data breaches or regulatory penalties. By continuously right-sizing permissions and monitoring interactions, Varonis limits sensitive data flows and alerts security teams to abnormal and risky behavior.

    “ChatGPT is becoming a critical part of how modern teams work. With Varonis, security teams can embrace this shift without losing visibility or control over their sensitive data,” said Varonis EVP of Engineering and Chief Technology Officer David Bass.

    Varonis complements ChatGPT Enterprise by adding continuous, industry-leading data security and 24×7 monitoring, helping organizations adopt AI with greater assurance.

    Key features include:

    • Automated data classification. Varonis discovers and classifies sensitive data uploaded to, or generated by, ChatGPT Enterprise.
    • Continuous session monitoring. Varonis monitors prompts and responses inside ChatGPT to ensure that sensitive or out-of-policy data isn’t uploaded or shared.
    • Behavior-based threat detection. Varonis automatically alerts on abnormal use, like mass file uploads to ChatGPT, and risky changes, like new admins, that could place data in harm’s way.

    The foundation of AI security is data security. With Varonis for ChatGPT Enterprise, customers get both preventative and detective controls to ensure users can maximize the value from AI while minimizing the risk of a data breach.

    This integration complements OpenAI’s robust native security and privacy features.

    Varonis for ChatGPT Enterprise will be available to customers in private preview. Customers can request a free Varonis Data Risk Assessment to evaluate their AI readiness and try it today.

    Additional Resources 

    About Varonis
    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, identity protection, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact: 
    Tim Perz 
    Varonis Systems, Inc. 
    646-640-2112 
    investors@varonis.com  

    News Media Contact: 
    Rachel Hunt 
    Varonis Systems, Inc. 
    877-292-8767 (ext. 1598) 
    pr@varonis.com

    The MIL Network –

  • MIL-OSI: Northstrive Biosciences Announces Initiation of Phase II of Collaboration to Develop AI Powered Therapies for Obesity and Cardiometabolic Diseases

    Source: GlobeNewswire (MIL-OSI)

    • Northstrive Biosciences and Yuva Biosciences previously announced a collaboration leveraging MitoNova™, YuvaBio’s proprietary mitochondrial science-focused artificial intelligence platform, to discover and develop novel pharmaceutical treatments for obesity, type 2 diabetes and other cardiometabolic conditions.
    • Phase II of this collaboration involves compiling a selection of small molecule candidates that promote mitochondrial health in obesity and cardiac diseases.

    NEWPORT BEACH, Calif., June 17, 2025 (GLOBE NEWSWIRE) — Northstrive Biosciences Inc. (“Northstrive”), a subsidiary of PMGC Holdings Inc. (NASDAQ: ELAB) (the “Company,” “PMGC,” “we,” or “our”), today announced the initiation of Phase II of the AI Development Program with strategic partner Yuva Biosciences, Inc. (“YuvaBio”). As part of the Phase II objective, both companies will collaborate to leverage MitoNova™, YuvaBio’s AI mitochondrial science-focused artificial intelligence platform, to compile a selection of small molecule candidates that promote mitochondrial health in obesity and cardiac diseases.

    YuvaBio will use MitoNova™ to virtually screen a large-scale library of diverse, drug-like small molecules and predict which candidates are most likely to promote mitochondrial health. YuvaBio will then analyze results of this screen, including chemical and bioactivity properties, to highlight opportunities for biological validation. Then, YuvaBio will compile an initial list of synthetic compounds for muscle preservation and metabolic health.

    About Northstrive Biosciences Inc.

    Northstrive Biosciences Inc., a PMGC Holdings Inc. company, is a biopharmaceutical company focusing on the development and acquisition of cutting-edge aesthetic medicines. Northstrive Biosciences’ lead asset, EL-22, leverages an engineered probiotic approach to address obesity’s pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. For more information, please visit www.northstrivebio.com.

    About PMGC Holdings Inc.

    PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

    Forward-Looking Statements

    Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC Holdings’ filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    IR Contact:
    IR@pmgcholdings.com

    The MIL Network –

  • MIL-OSI: Red Cat Holdings Announces $46.75 Million Registered Direct Offering of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, June 17, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announced today that the Company has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 6,448,276 shares of common stock, pursuant to a registered direct offering, expected to result in gross proceeds of approximately $46.75 million, before deducting placement agent fees and other offering expenses. The offering is expected to close on or about June 18, 2025, subject to the satisfaction of customary closing conditions.

    The Company intends to use net proceeds from the offering for general corporate and working capital purposes, including but not limited to operating expenditures related to its new unmanned surface vessel division.

    Northland Capital Markets is acting as the exclusive placement agent for the transaction.

    The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-283242), which was declared effective by the Securities and Exchange Commission (the “SEC”) on December 11, 2024. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Additionally, when available, electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Red Cat Holdings, Inc.

    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a leading-edge Family of Systems. This includes the flagship Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

    Safe Harbor Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Such statements include, but are not limited to, statements relating to the expected timing of the offering and the satisfaction of customary closing conditions related to the offerings, and our intended use of proceeds from the offering. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-KT filed with the Securities and Exchange Commission on March 31, 2025. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • MIL-OSI United Kingdom: Anniversary Statement: St Helena Airport

    Source: United Kingdom – Executive Government & Departments

    News story

    Anniversary Statement: St Helena Airport

    Investigation of go-arounds flown at St Helena Airport on 17 June 2023 and subsequently

    This statement provides an update on the AAIB investigation into a number of go-arounds flown at St Helena Airport on 17 June 2023 and subsequently. 

    The AAIB has determined that these go-arounds did not constitute serious incidents, as defined, but that there are actions that may potentially improve the safety of operations by aircraft to the airport.  These include possible enhancements to runway marking, weather reporting and diversion procedures. 

    The report is nearing completion and will be published by the AAIB.

    Updates to this page

    Published 17 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: EverMark Investment Partners Launches with Support from LPL Strategic Wealth

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, June 17, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Matthew Sweeney, CFP®, John Folsom and Tanner Carter, CFP®, have launched a new independent practice, EverMark Investment Partners (“EverMark”), through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth. They reported serving approximately $425 million in advisory, brokerage and retirement plan assets* and join LPL from RBC.

    Based in San Diego, Folsom and Sweeney have collaborated since 1996 and bring a combined seven decades of financial industry experience to the practice. Carter, who entered the financial industry in 2019, completes the team. Together with Senior Investment Associates Nomah Cronk and Kristin Garnica, the team takes a collaborative approach to helping their clients work towards more secure financial futures.

    “We are fortunate to have longevity and loyalty with our clients — in fact, nearly half of our clients are multigenerational,” Sweeney said. “When clients work with us, we offer them the experience of a long-tenured team, the discipline of active portfolio management and the perspective that comes from working with multiple generations over time. We value direct communication, mutual respect and clear thinking. And while our work is serious, we never lose sight of the people we serve or the trust they place in us.”

    Why the EverMark team made the move to LPL Strategic Wealth

    EverMark chose to affiliate via LPL’s comprehensive supported independence solution, LPL Strategic Wealth Services (SW), which combines the freedom and flexibility of entrepreneurship with hands-on business services and support to help practices thrive, both operationally and strategically.

    In addition to access to LPL’s innovative wealth management platform and sophisticated resources, SW advisors benefit from a truly integrated service that includes simplified pricing, technology and dedicated support to launch their practice. Then, after the transition is complete, SW teams receive ongoing operations support managed by their team of experienced professionals including a business strategist, marketing partner, CFO and administrative assistant. Advisors have one point of contact, a dedicated team and priority access to advocacy and project management for complex business issues, ultimately allowing them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.

    With the move, EverMark Investment Partners becomes the 50th team to join Strategic Wealth, LPL’s breakaway solution for growth-oriented advisors who are looking for the best of both worlds — full independence and full support. Established in 2020, Strategic Wealth was designed to support the unique needs of established advisors in wirehouses and other firms seeking to launch independent practices.

    “LPL’s Strategic Wealth model is unlike anything else in the market today,” Folsom said. “It takes the best aspects of being RIAs — owning our own business, our client relationships belonging to us, choice in technology and services, optimal succession solutions — and packages it with an outstanding process to help us set up our business for success from day one. It’s an honor knowing that EverMark is the 50th team to join LPL’s Strategic Wealth, and we are proud to join this community of like-minded advisors.”

    Carter added, “With LPL’s best-in-class technology and strategic business resources, we will be able to provide more personalized investment options and enhanced service experiences. I am confident that moving to LPL and LPL Strategic Wealth was the right move for our business — and, more importantly, our clients.

    Scott Posner, LPL Managing Director, Business Development, said, “We welcome the EverMark Investment Partners team and congratulate them on going independent with LPL Strategic Wealth and becoming the 50th team in the model. Just as Matt, John and Tanner take a personalized approach to helping their clients pursue their fiscal goals, LPL offers the strategic support and innovative resources advisors can use to deliver differentiated client experiences. We look forward to supporting this team for years to come.”

    Related
    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact:
    Media.relations@LPLFinancial.com

    Tracking #754898

    The MIL Network –

  • MIL-OSI: EverMark Investment Partners Launches with Support from LPL Strategic Wealth

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, June 17, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Matthew Sweeney, CFP®, John Folsom and Tanner Carter, CFP®, have launched a new independent practice, EverMark Investment Partners (“EverMark”), through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth. They reported serving approximately $425 million in advisory, brokerage and retirement plan assets* and join LPL from RBC.

    Based in San Diego, Folsom and Sweeney have collaborated since 1996 and bring a combined seven decades of financial industry experience to the practice. Carter, who entered the financial industry in 2019, completes the team. Together with Senior Investment Associates Nomah Cronk and Kristin Garnica, the team takes a collaborative approach to helping their clients work towards more secure financial futures.

    “We are fortunate to have longevity and loyalty with our clients — in fact, nearly half of our clients are multigenerational,” Sweeney said. “When clients work with us, we offer them the experience of a long-tenured team, the discipline of active portfolio management and the perspective that comes from working with multiple generations over time. We value direct communication, mutual respect and clear thinking. And while our work is serious, we never lose sight of the people we serve or the trust they place in us.”

    Why the EverMark team made the move to LPL Strategic Wealth

    EverMark chose to affiliate via LPL’s comprehensive supported independence solution, LPL Strategic Wealth Services (SW), which combines the freedom and flexibility of entrepreneurship with hands-on business services and support to help practices thrive, both operationally and strategically.

    In addition to access to LPL’s innovative wealth management platform and sophisticated resources, SW advisors benefit from a truly integrated service that includes simplified pricing, technology and dedicated support to launch their practice. Then, after the transition is complete, SW teams receive ongoing operations support managed by their team of experienced professionals including a business strategist, marketing partner, CFO and administrative assistant. Advisors have one point of contact, a dedicated team and priority access to advocacy and project management for complex business issues, ultimately allowing them to stay focused on the enduring needs of their clients and the culture and evolution of their practice.

    With the move, EverMark Investment Partners becomes the 50th team to join Strategic Wealth, LPL’s breakaway solution for growth-oriented advisors who are looking for the best of both worlds — full independence and full support. Established in 2020, Strategic Wealth was designed to support the unique needs of established advisors in wirehouses and other firms seeking to launch independent practices.

    “LPL’s Strategic Wealth model is unlike anything else in the market today,” Folsom said. “It takes the best aspects of being RIAs — owning our own business, our client relationships belonging to us, choice in technology and services, optimal succession solutions — and packages it with an outstanding process to help us set up our business for success from day one. It’s an honor knowing that EverMark is the 50th team to join LPL’s Strategic Wealth, and we are proud to join this community of like-minded advisors.”

    Carter added, “With LPL’s best-in-class technology and strategic business resources, we will be able to provide more personalized investment options and enhanced service experiences. I am confident that moving to LPL and LPL Strategic Wealth was the right move for our business — and, more importantly, our clients.

    Scott Posner, LPL Managing Director, Business Development, said, “We welcome the EverMark Investment Partners team and congratulate them on going independent with LPL Strategic Wealth and becoming the 50th team in the model. Just as Matt, John and Tanner take a personalized approach to helping their clients pursue their fiscal goals, LPL offers the strategic support and innovative resources advisors can use to deliver differentiated client experiences. We look forward to supporting this team for years to come.”

    Related
    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact:
    Media.relations@LPLFinancial.com

    Tracking #754898

    The MIL Network –

  • MIL-OSI: Micropolis Joins Webull Corporate Connect Service Platform

    Source: GlobeNewswire (MIL-OSI)

    Joining Webull enables Micropolis to build a community and foster relationships with the platform’s 24 million registered users

    Connect with the Company on Webull here

    DUBAI, United Arab Emirates, June 17, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Co. (“Micropolis” or the “Company”) (NYSE: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today announced it is now participating on the Webull Corporate Connect Service (CCS) platform to increase engagement and transparency with its growing investor base.

    Micropolis’s portal on the Webull CCS provides an additional direct communication channel for shareholders and potential investors, reinforcing the Company’s commitment to providing real-time information to the investment community. Through Webull, Micropolis will share timely updates, including company news, earnings reports, presentations, and other key announcements, further increasing visibility among retail investors as well as broadening shareholder engagement.

    “Open and ongoing dialogue with our shareholders and the broader investment community remains a key focus of our corporate governance framework at Micropolis,” said Fareed Aljawhari, Founder & CEO of Micropolis. “As we advance our strategic objectives and expand our operations, we understand how critical it is to enhance our market presence. Integrating Webull’s digital platform into our investor outreach efforts enables us to connect with retail investors on their preferred channels, delivering immediate access to company updates and interactive engagement opportunities.”

    To stay up to date with Micropolis’s recent developments on the Webull Corporate Connect Service Platform, current Webull users can follow MCRP from the app on their smartphone or tablet device. To download the app and register for your free Webull account, visit www.webull.com/trading-platforms.

    About Micropolis Holding Co.
    Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (UGVs), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

    For more information please visit www.micropolis.ai.

    About Webull Financial
    Webull Corporation owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 24 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, and fractional shares through Webull’s trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com. You may also access certain information on Webull and its securities on the website of the SEC at http://www.sec.gov, where Webull will, among others, be filing reports, such as Reports on Form 6-K and its Annual Report on Form 20-F.

    Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Micropolis’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    Investor Contact:
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    PH: (212) 896-1254
    Valter@KCSA.com

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

  • MIL-OSI: CarGurus Report Finds Consumer Demand for Affordability and Fuel Efficiency Shaping Today’s Auto Market

    Source: GlobeNewswire (MIL-OSI)

    Mid-year auto market analysis reveals how tariffs and ongoing demand for affordability have influenced vehicle supply, pricing, and demand so far this year

    BOSTON, June 17, 2025 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its 2025 Mid-Year Auto Market Review. The analysis highlights the impact of tariff uncertainty, shifting inventory dynamics, and evolving consumer preferences on the new and used vehicle market.

    “So far this year, the auto market has been shaped by dramatic shifts in consumer behavior fueled by shifting policies and economic uncertainty,” said Kevin Roberts, Director of Economic and Market Intelligence at CarGurus. “These pressures have amplified what car shoppers demand most: affordability and efficiency. While vehicle prices have mostly held steady despite tariffs, it remains to be seen how long the current balance of pricing and demand can last, especially as value-driven options become harder to find.”

    • Tariff-driven sales surge has reduced affordable new inventory: New vehicle sales spiked 48% year-over-year in the days after the March tariff announcement as buyers raced to beat potential price increases. While sales demand has since normalized to more seasonal patterns, the affordable segment is showing lasting impacts. Listings for new cars under $30,000 have dropped by 15% since late March, with compacts and crossovers like the Honda Civic, Buick Encore GX, Jeep Compass, and Mazda CX-30 seeing the steepest declines.
    • The average new vehicle price is holding steady: While over 60% of new vehicle listings today are post-tariff inventory, the average new car price has remained relatively stable at approximately $49,600. Model-level price changes tell a more nuanced story, with luxury SUVs seeing some of the largest price increases since tariffs went into effect in April and electric vehicles (EVs) posting the biggest price decreases.
    • Aged new car inventory may offer value: Despite the Spring sales surge, 2024 and older model-year vehicles are maintaining a high share of inventory — approaching levels not seen since 2020. At mid-year, over 7% of new car listings were 2024 or older, with Ford trucks and SUVs among the top models with older model year supply, creating a chance for shoppers to find a potential deal on pre-tariff inventory.
    • Used inventory reaches multi-year highs, but value has been redefined: Despite abundant used car supply, 3- to 4-year-old models — the sweet spot for value-conscious buyers — remain scarce and priced at a premium due to lingering effects of pandemic-era production disruptions. For those in the market for a used car under $20,000, options are increasingly older and higher mileage. At both ends of the age spectrum, however, fuel-efficient models (spanning hybrids, EVs, and compacts) lead the pack in demand.
    • Hybrids stand out for pricing and demand: Hybrids continued to lead new vehicle sales growth in 2025, buoyed by strong demand and attractive pricing. Average list prices for new hybrids decreased by about $1,400 year-over-year, helping drive a 43% increase in retail sales compared to 2024. Notably, hybrid and gas models are now the most commonly cross-shopped combinations, as shoppers increasingly prioritize practicality and affordability.

    For a deeper look at these trends and more, the full 2025 Mid-Year Review is available here: https://cargur.us/1dRcr8

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms, and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S. 1

    CarGurus also operates online marketplaces under the CarGurus brand in Canada and the U.K. In the U.S. and the U.K., CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

    To learn more about CarGurus, visit www.cargurus.com, and for more information about CarOffer, visit www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    1Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q1 2025, U.S.

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    Investor Contact:
    Kirndeep Singh
    Vice President, Investor Relations
    investors@cargurus.com

    The MIL Network –

  • MIL-OSI: Mercurity Fintech Partners with Franklin Templeton to Advance Real-World Asset Tokenization with BENJI Tokens and FOBXX Fund

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 17, 2025 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (NASDAQ: MFH), a digital fintech group, today announced a strategic partnership with Franklin Templeton, a global investment management organization managing over $1.53 trillion in assets as of April 30, 2025. This collaboration will integrate Franklin Templeton’s BENJI token and the Franklin OnChain U.S. Government Money Fund (FOBXX) into Mercurity’s expanding platform for tokenized real-world assets (RWAs).

    Created by Franklin Templeton, BENJI is a blockchain token that gives investors direct access to FOBXX, a regulated U.S. money market fund. Unlike traditional investments, BENJI combines the stability of government-backed securities with the flexibility of digital assets so investors can potentially earn steady returns while maintaining easy access to their funds.

    Moreover, the blockchain-based structure addresses traditional inefficiencies in money market fund operations by reducing settlement times, simplifying peer-to-peer asset transfers, streamlining collateral management, and speeding up transaction processing. All while maintaining full regulatory compliance and security standards.

    Mercurity Fintech’s target clients—both institutional and retail investors—can gain access to money market opportunities, while earning yield on their holdings without sacrificing liquidity or navigating complex traditional banking processes. The platform offers seamless crypto-to-fiat conversions, multi-chain ecosystem exposure across networks like Avalanche and Solana, and enhanced treasury tokenization capabilities that optimize yield and liquidity management for corporate cash reserves.

    Mercurity Fintech also plans to benefit from tokenized treasury products like BENJI in its own operations by generating returns on capital reserves while maintaining the flexibility needed for its growing digital asset ecosystem. The Company’s FINRA-registered broker-dealer subsidiary, Chaince Securities, will play a vital role in handling investment transactions and advisory services for these tokenized real-world assets (RWAs), providing compliant distribution and efficient market access through its investment banking and brokerage expertise.

    “This partnership with Franklin Templeton reflects our focus on bridging the gap between traditional and digital finance,” said Shi Qiu, CEO of Mercurity Fintech. “BENJI addresses a real pain point in the market by offering regulated money market access through blockchain technology. It’s the type of compliant, institutional-grade solution our platform is designed to support.”

    The partnership represents a significant step in making institutional-grade financial products more accessible through blockchain technology. As tokenized assets continue to gain traction, this collaboration between Mercurity Fintech and Franklin Templeton demonstrates how traditional financial institutions and fintech companies can work together to modernize investment access while maintaining regulatory standards.

    About Mercurity Fintech Holding Inc.
    Mercurity Fintech Holding Inc. (NASDAQ: MFH) is a fintech group powered by blockchain infrastructure, offering technology and financial services. Through its subsidiaries including Chaince Securities, LLC, MFH aims to bridge traditional finance and digital innovation, offering services spanning digital assets, financial advisory, and capital markets solutions.

    About Chaince Securities
    Chaince Securities, a wholly-owned subsidiary of Mercurity Fintech, is a FINRA-registered broker-dealer specializing in investment banking and brokerage services. Chaince provides tailored advisory services, structured financial products, and compliant distribution channels for tokenized assets and securities, supporting Mercurity’s vision of bridging traditional finance with blockchain innovation.

    About Franklin Templeton
     Franklin Resources, Inc. [NYSE: BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the Company offers specialization on a global scale, bringing extensive capabilities in equity, fixed income, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.53 trillion in AUM as of April 30, 2025. The Company posts information that may be significant for investors in the Investor Relations and News Center sections of its website, and encourages investors to consult those sections regularly. For more information, please visit investors.franklinresources.com.

    Franklin Distributors, LLC. Member FINRA/SIPC.

    Forward-Looking Statements
    This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

    Contacts:
    International Elite Capital Inc.
    Vicky Chueng
    Tel: +1(646) 866-7928
    Email: mfhfintech@iecapitalusa.com

    The MIL Network –

  • MIL-OSI Video: FBI Salt Lake City Warns About Romance Scams

    Source: Federal Bureau of Investigation (FBI) (video statements)

    In this testimonial to FBI Salt Lake City, a victim of a romance scam warns about how scammers can lure with good intentions and take advantage of you financially.

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    https://www.youtube.com/watch?v=O7dRUBdfWPs

    MIL OSI Video –